I recently was asked this question by one of my sellers. We have had their home on the market for several weeks and the showings have slowed due to the holidays.
We discussed our options in marketing their home over the holidays. As part of a marketing strategy, I suggested removing their home form the market/MLS for 30 days. We plan on putting the home back on the market mid January. Here in Denver Colorado, this time frame will qualify the listing as a new listing, thus is will be a "New Listing " which usually draws attention to the home.
My seller had thought the withdrawal from the MLS indicated our listing agreement was terminated. I explained the process was part of our marketing plan and the action did not terminate the "In force" agreement. Both parties of the listing agreement must sign a written agreement to terminate an agreement prior to its expiration. The answer to the question is no, a withdrawl does not terminate a listing agreement.
It was a good question, and I was glad he asked, thus I could assure him we were still in contract. This assurance would be helpful to him, in the event he received a call from another agent prospecting for a new listing.
Communication is key !!!!
Gary DiGiorgio
The DiGiorgio Group
9035 Wadsworth pkwy 2000
Westminster.Co 80021
Direct 303 898 4279
Office 303 422 5200 fx 303 467 0211
Serving and selling Denver for over 11,000 days
ARVADA***GOLDEN***THORNTON***WESTMINSTER
I REALLY APPRECIATE YOUR REFERRALS
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