Lenchek said he would always write in a customer`s terms for cancellation if necessary. He also added that if you have signed with a broker and are not satisfied with a particular agent, you can ask to change agents in the same brokerage without breaking the contract. You might feel nerves about that scary big contract in front of you. And you probably have a lot of questions about whether the chord you`re looking at is standard and to your liking. In an exclusive listing agreement, the real estate agent has the right to market the house, list the house on MLS and collect the commission if the real estate agent concludes a sale within the time limit. If you`re not sure if you`re staying with a particular agent after an initial meeting, let them know you`re undecided. Then, interview several other agents and opt for someone you`ll enjoy working with. Every year, RECO hears about consumers who have signed either a roasting agreement or a listing agreement and then found that they had agreed to terms they didn`t want. That`s why it`s important to read every document your broker asks you to sign, ask their seller to guide you through them, and show it to a lawyer. The expiration date also depends on the real estate market and similar homes in the vicinity.
If every similar home in the area was sold in less than 60 days, you may want to strike a two-month deal. Ultimately, the expiration date of the contract can be negotiated with your real estate agent. If you want to sell your house with a real estate agent, you must sign a listing contract according to Lenchek.