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Seller Fees Due for Early Termination of a Listing Agreement

By
Services for Real Estate Pros with Maximum One Realty - Managing Broker

 

What fees does a Seller owe the Listing Broker for terminating a Listing Agreement early? Where is this information explained in the Listing Agreement? Is there a difference between a Mutual Termination and a Unilateral Termination? What about compensation for the agent's time and services? Are there differences between the Georgia Association of REALTORS (GAR) and RE Forms contracts? Watch the video for all of these answers!

Dana Sparks, Qualifying Broker, Maximum One Greater Atlanta, REALTORS®

James Dray
Fathom Realty - Bentonville, AR

Morning Dana.

No such language in our contracts.  We do have a professional service fee however, by the time one goes to court it's just not worth it. 

Jun 05, 2018 01:56 AM
Dana (Lerner) Sparks

Thank you James Dray !  It's so interesting to learn how different states address the same issues that agents must deal with!

Jun 05, 2018 02:18 PM