Can I cancel my contract with my selling agent if there is no exit clause?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Can I cancel my contract with my selling agent if there is no exit clause?
We are selling our house. The sale price of my house was suggested by my selling agent. She did not give us an exit clause before getting our signatures on the contract. When we asked her, what happens if we want to delist our home, she said it has never happened. There are rarely any footfalls and showings ever since we listed. We are not even the most expensive home in this neighborhood but she keeps indicating we come down on the price drastically even though the sale price was recommended by her. The contract states that there will be legal consequences if we break it like the legal fees and expenses incurred by the realty for
listing and marketing our property. What can we do to end it without hassles?
Asked on May 30, 2019 under Real Estate Law, Missouri
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
Unfortunately, you chose to sign a contract without an exit clause: you did not have to do so, and could have refused to sign, but went ahead and signed anyway. That means you are bound to the contract you signed and cannot terminate or break it, unless you can show that the realtor is violating some provisions or obligations spelled out in the contract: if she is violating any "material" (or important) contractual terms, her 'material breach of contract" would entitle you to terminate the contract without penalty.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.