You need to work with a better realtor, period. I've worked with Coldwell Banker's Top Producer in Hollywood on several occasions. He's very professional, attentive to his customers, and his listings sell. If you're serious about selling your home, give me a call and I will gladly answer your immediate questions and then put you in contact with him and his team.
John Anthony Alcantar
Coldwell Banker C&C Properties
For example, if you have a house on the market for $250,000 and you get an offer at $195,000, do you accept, counter, or reject? YOUR decision. And if you counter, there are various negotiating strategies and gambits. Do you "split the difference"--often done, but indicative of people's reluctance to truly negotiate. Do you stick close to your asking price, if you think it's fair? (If your property's been on the market for over a year, it's likely your house is overpriced, and you should come down some. But...that's totally your call.) Or do you come down close to the offer? Do you make some other offer to sweeten the pot--such as holding to the $250,000 price but offering to carry a no-interest 5-year balloon payment of $55,000? Lots of different ways to skin a cat. And a good agent will suggest some you probably haven't thought of. Somehow, it sounds as if you let the agent get behind the steering wheel. Next agent: You're in the driver's seat. OK?
Many listing agreements will state that if there are any potential buyers the agent must inform you of those names in writing after the listing agreement is canceled within a certain period of time.
You should know what the marketing plan is, was, and will be before telling the agent goodbye. Did they complete the plan? If there hasn't been a change in strategy in over a year whether it was on the agent's side, your side, or both, the bottom line is the job isn't getting done.
Sitting down with your agent and simply stating the obvious may be all you need to come to a mutual agreement to mutually end the listing agreement.
In addition, any marketing costs expended on behalf of the broker could be made payable to the broker - costs such as advertising etc. if you terminate your listing prior to termination.
It is extremely important to read and understand the terms and condition of your listing agreement with the broker. Again, it may be best to have a real estate attorney advise you. Proir to calling the attorney, discuss your issues with your agent. If that gets nowhere, call the broker. If you have exhausted all avenues with the listing broker, you may be able to avoid getting nailed with additional costs.
Hope that helps! Best of luck in your sale.
If you listing period is not nearing the end, you will need to read your lisitng contract to determne the terms and conditiions for cancellation or termination. If you believe that your Realtor has not serviced your lisitng properly, discuss those issues w/ him and ask him to propose solutions.