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Elizabeth Weintraub

Should You Cancel the Listing Contract?

By January 21, 2013

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Very few real estate agents want to hear sellers say that they want to cancel a listing contract.

If the contract cancels, the agent generally doesn't ever get paid. Not unless the seller decides to later put the home back on the market. The only thing that is worse than canceling a listing contract in an agent's eyes is not giving the listing back to the listing agent if the seller later decides to sell. Hiring a different agent after the first agent worked so hard without payment is very disappointing to the first agent.

Sometimes, sellers will cancel a listing because they blame the agent as the reason their home did not sell, when often it is not the listing agent's fault. There are many reasons a home does not sell that have nothing to do with the efforts of the listing agent, and only a few that do.

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At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.


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