Can you fire your realtor?
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Can you fire your realtor?
Can you fire your realtor, work with an investor/buyer and not pay realtor commission if property has been on market for some time? Can you do a lease option if property is in foreclosure?
Asked on June 18, 2009 under Real Estate Law, Wisconsin
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
If you signed an agreement with the Realtor, that agreement will spell out your rights and obligations under the contract. It will let you know if it is an exclusive agreement, when it starts and when it ends, if you have the right to sell the property yourself, etc. Just because a property is not selling and has been on the market for awhile it does not mean theat the Realtor did something in violation of the contract allowing you to break the contract or declare it null and void. Especially in this economy. If, however, the Realtor is not living up to his/her obligations under the contract and doing nothing to move the property (listing it in MLS, open houses, etc.) then you may have some cause to renegotiate things. Be careful. You do not want to get yourself involved in a legal battle over the commission.
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