Q: Can I the seller cancel my listing agreement with the real estate agent on my home if I decide I no longer want to sell
Are there any costs that I would be liable for the property has a sign on it and has been listed on the MLS
A: A listing agreement can be cancelled in most cases, but there can be costs and penalties associated with cancellation. For example, you may be asked to reimburse your agent for his marketing costs. Or, if you decide to sell at a later date, it is possible that your agent may make a claim against you for a commission. Your listing contract should disclose any costs that might apply in the case of cancellation. I recommend that you review your listing contract with an attorney before you make this decision. Cancellation of a contract is a serious step and you need to know all the risks you may be exposing yourself to before you cancel. Your attorney may have strategies to suggest that can limit your risk if you decide to cancel.
Bruce Alexander Minnick agrees with this answer
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