Can I get out of a real estate that agent contract I just signed?

I have been attempting to sell my house myself. Today I broke down and signed hired and signed a contract with a agent today. Low and behold I got a call from a buyer the same day wanting to buy. What can I do? Going without a agent put over $20,000 in my pocket.

Asked on November 6, 2011 under Real Estate Law, Maryland


FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

Whether or not you can get out of your real estate listing agreement without having to pay any commissions depends upon what the listing agreement states and what your real estate agent is willing to do since you received a call from a buyer wanting to purchase the property the very same day that you listed it with a real estate agent.

Whether or not you get an actual offer and go into contract with the buyer you write about remains to be seen. Most likely you will be responsible for real estate commissions for the sale of the property you listed during the lisitng period.

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