Home Selling in Champaign>Question Details

Kt, Home Seller in Champaign, IL

I live in Illinois. Our contract with our agent is up at the end of the month. Do we need to wait a period of?

Asked by Kt, Champaign, IL Wed Dec 10, 2008

time before we switch agents for the previous agent to not ask for a cut?

Help the community by answering this question:


As soon as your listing expires with your current agent you are free to sign a new listing agreement with another agent and nothing is owed to that original agent.
Our local MLS contracts give the original agent some protection if you were to sell it on your own after the expiration of the contract but if you relist with another Realtor in Champaign County you get to "start fresh".
1 vote Thank Flag Link Wed Dec 10, 2008
If you sign a listing agreement with a new agent once your first one expires, you are under no obligation to pay the first agent. If you sign a contract with a buyer under the new agreement (with your new agent), you will then owe the agreed upon commission. The first agent will not be able to ask for a commission.
0 votes Thank Flag Link Tue Dec 16, 2008
Hi Kt,

Your only obligation is to pay the listing agent a commission if you sell it to someone on your own within the number of days specified in your contract. If you list with a new agent, then there is no obligation on your part. If you have done what your Realtor asked and you still feel that your property has not been marketed sufficiently or that he/she has not had enough communication with you, then it might be time for a change. Above all else, you need to have a good rapport with and trust your agent. We are in a unique market situation right now, so the "team" (you, your lender, your attorney, and your agent) needs to be on the same book and page more than ever before.
Web Reference: http://www.MarjWilliams.com
0 votes Thank Flag Link Wed Dec 10, 2008
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