Dunedin Home Inspector,When and How to Say Goodbye to your Real Estate Agent.
The best thing you can do for yourself (and for others) is to end a relationship before it escalates to the point where you want to choke each other. If you’re a client who is unhappy with your agent, your entire home selling/buying experience — which should be a pleasant and happy time for you — will be affected by this negative attitude. You will probably need to fire your agent.
If you’re an agent ticked at a client, you’re wasting time and blowing energy that could be channeled into more profitable ventures for you. In other words, you probably need to fire your client.
Here are some of the signs telling you that it’s time to call it quits:
When both of you vehemently disagree, are at opposite ends of the spectrum and believe you will never see eye-to-eye.
Every time you talk about your agent you use unflattering adjectives.
You have made repeated requests that are ignored by the other party.
When your agents name shows up on your cell phone and you send them to voice mail.
How Do Agents and Clients Reach the Boiling Point?
- The agent, realizing the client has no basis nor professional background for her convictions, is probably frustrated because the client cannot substantiate her position.
- The client, on the other hand, obviously does not trust nor rely on the agent’s advice and may wonder why she hired the agent in the first place. She may think the agent is just looking for a fast sale at her expense.
- The end result is the client is not going to sell; the agent is not going to get paid. Nobody will win, and maybe it’s time to end the association.
Video Credit: The Homes Team
The single most commonly heard complaint that clients voice about their agents is dissatisfaction with communication. Some say it’s the client’s fault for not establishing preferred methods of communication upfront, and others say it is the agent’s responsibility to ask the client what is expected of the agent. I’m with the camp that believes the agent should determine the policy and then adhere to it. It can be very irritating to work with an agent who doesn’t promptly respond to voice mails, text messages or e-mails. If that happens to you, it might be time to fire the agent and hire somebody else.
But first, lay it on the line. Tell your agent what you expect and ask your agent if it’s possible for the agent to perform in that manner.
How to Cancel Agreements/Contracts
So, you’ve determined that you’re fed up and want out.
How do you do it? Legal issues aside, because I am not a lawyer and cannot give legal advice, the best way is by mutual consent. Do not enter into a contract in the first place if the other party will not mutually agree to a release if requested. You can ask about cancellation policies in the event of a dispute before entering into the contract.
Threatening the other party is rarely a good idea. For example, do not say the agent needs cancel the contract or you will report the agent or write a nasty online review, because that approach is unlikely to gain cooperation and that tactic could also be considered blackmail.
Canceling Listing Agreements
- Ask the agent to cancel the listing. Be aware that Exclusive Right-to-Sell listings contain a safety or protection clause.
- If the agent refuses, call the agent’s broker and request a cancellation.
- If the broker refuses, ask the broker to assign another agent to you. Most reputable brokers who want to maintain good community relations will cancel a listing if the seller insists.
- If there are no workable solutions, call a real estate lawyer for termination assistance, but first, tell the broker of your intentions to do so. Sometimes that’s enough to get a release.
Canceling a Buyer’s Agency Agreement
Ask your agent to give you a form called Termination of Buyer Agency. It will cancel oral or written agency agreements.
If you are an agent who wants to cancel the agency agreement, you may want to soften the blow and suggest that your client would be better off working with another agent who could more readily meet the client’s needs. Then refer that client to an agent in exchange for a referral fee.
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