A listing agreement is a contract. Your REALTOR should have discussed this with you prior to entering any time period in that broker protection clause. Just as commission fees are negotiable, so are the broker protection periods. - Earlier today
As my fellow REALTORS stated, some do promise more than they deliver just to get the listing. You should speak to the agent and his/her broker and find out why what was promised was not delivered.
In NJ, there are two ways to get out of a listing agreement. One is a conditional withdrawal. That means the home is no longer marketed and it is noted as withdrawn on the Multiple Listing Service. But with a conditional withdrawal you can not relist the home with another broker until the current listing agreement expires.
An unconditional withdrawal voids the listing agreement, and places no restrictions on re listing. However, if the home is sold to someone who first viewed the property when listed with the initial company, that company must be paid.
If you decide to re list, get a marketing plan in writing and an EZ Exit guarantee. That will allow both you and you agent to void the listing agreement if either of you fail to live up to the promises made at the time of the listing.
In NJ, a sellers disclosure is optional. However, if available it should be submitted with a contract and signed by both seller, buyer and agents. The same is true of lead paint disclosures.
Usually an agent will put in the contract, under additional provisions, a review period for HOA docs. If not, the attorney will usually ask for addition time for HOA doc review. - Tue Oct 7 2008, 13:34
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