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The “Principal Broker” of the real estate company that I entered into an exclusive listing agreement with has agreed to release me from the agreement that I have with his company. He told me to write something up terminating the agreement and he will sign it – he does not want to force clients to do business with his firm. The problem is I do not know what I should say. I would greatly appreciate any help that any of you can provide on language to terminate the agreement.
BTW, the listing agent that I was working with changed companies two weeks ago and wanted to take my listing with him. Since he refused to aggressively market my property during the five months he had the listing, I said no way and orally told him that I want to terminate the agreement. Needless to say, he was not happy.
You don't have to state why. You can just write up, as of xxx date we wish to terminate our listing with your brokerage firm. It is our understanding with this written notice that this will take effect immediately. Please inform us when the listing has been withdrawn from MLS by sending us a copy of the withdrawal. thank you for your prompt attention to this matter....
Write in there that it is an unconditional release and voiding the original contract.
There are different types of withdrawals in my area, I don't know if there are in yours. Better to be safe than sorry.
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
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IN CA there is a real estate form for releasing a listing. Modification of terms is the name of it. I'm blown away that the broker in your case is too lazy to provide you with a form for you to sign. It would be in his best interest to fill it out anyway.
Perhaps it's different in other parts of the country.
Thank you all very much for responding to my post. This site is awesome!
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