What is my liability if I signed a listing agreement but now no longer want to sell my property?
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What is my liability if I signed a listing agreement but now no longer want to sell my property?
I was trying to sell my house and I hired a realtor. I’m under contract but I decided to change my mind on selling so called them to tell them. I asked them what is it that I would have to do to get out of it. They advised me that I would have to pay $1900 for the pictures that were taken, as well as other fees. I advised them OK, I would do that, however the next day they called and advised me that they received a full offer for my property. Since I really don’t want to sell my property anymore and they already know do I still have to pay them 6% to 8% if I don’t take the offer?
Asked on November 11, 2017 under Real Estate Law, Florida
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
Read your listing agreement. It is a contract between you. If you can not terminate verbally then you could have a problem. Bring the documentation to an attorney on a consultation basis ASAP to review and advise you of your liability here. If the offer is "subject to" an inspeaction then it may not be considered a "real" offer under the law and bind you. Good luck.
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