Can i break a listing contract without penalty

My sister and I are co-trustees for my mothers home. The home is being
sold as an estate sale or as is. The home has been listed for 3 weeks so far.
It is being sold in the Chicago metro area. I would to change brokerage
agencies. The contract runs for 180 days as written. Can this be terminated
earlier, without penalty or brokerage fees? If not can the terms and
conditions be reduced from 180 days to 90 days without fees or penalty

Asked on May 1, 2016 under Real Estate Law, Illinois

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 4 years ago | Contributor

Once a contract is entered into, its terms may only be changed with the consent of all parties (including the listing agent), and may only be terminated early with the consent of all parties or if the other side (the agent) breached his or her obligations in some material (or important) way.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.