You have to look at your sales agreement. It should be filled in by the broker for whatever amount of time you agreed on Therefore, review your sales agreement to see what was fllled in on that line.
If you should have any questions, please give me a call.
Thanking you in advance for your attention to this matter.
Annemarie Encarnacao, SFR REO
NYS LICENSED ASSOC. BROKER
Century 21 Schneider Realty
You can also relist your property with another New York State agent, and then you do not have the same obligation to your prior agent.
It is all on your origional contract which you signed when you listed your property. You should have gotten a copy of it.
Prudential Centennial Realty
But be very careful, because most listing agreements include a "protection period" (sometimes 3 months, sometimes 6, 9 or even 12 months) that states that if your buyer is someone who viewed the property while it was listed with your former agency, or has come to the property through the efforts of your former agency (ie: marketing, advertising, signage), then you might owe commission.
However, if you have not been able to sell while listed, I would ask myself two questions; 1) how was the property marketed and 2) was I asking too much money.
According to national statistics, homeowners who sell on their own average a 20.765% reduction in sales price.