This week, not one but 2 agents in my office have come to me after being approached by sellers.
The Sellers are not asking my agents to cancel thier listing, instead they are asking my agents HOW they can cancel the listing they have with another agent. They have a year long short sale listing... with no apparent way out.
YIKES, this is a slippery slope. RESPA, don't interfere with another agents client.
Call your agent and let them know you are not happy.
RESULT - the listing agent is NOT answering the phone, they won't call me back, they aren't doing anything.. that is why we want to cancel.
CALL YOUR AGENT:
RESULT - I called Bank of America, and despite signing a buyers purchase contract 14 days ago the contract has still not been uploaded to Equator. BofA rep told "me" to find another REALTOR. I got my OWN Foreclosure postponed, since BOFA has no record of speaking to my agent. PLEASE HELP ME!
BTW_ NO MARS agreement signed on the above short sale.
I called California Association of Realtors Legal department to ask the question.... "When can a seller cancel a listing agreement?"
Answer - WHEN TERE HAS BEEN A BREACH OF CONTRACT. A breach can occur when the listing agent is not doing the job they were hired to do. Listing not in MLS, offers not presented, agent not working the Short Sale.....
What do YOU THINK? When can a seller cancel a listing agreement.