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Updated 3 months ago on . Most recent reply

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Mike Shahi
  • Washington, DC
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How to end a listing agreement in Maryland

Mike Shahi
  • Washington, DC
Posted

Maryland

1- I ended the listing agreement with my agent. I sent an email and he acknowledged that the listing has been removed from MLS and that the listing agreement has been terminated…

Looking at the listing agreement contract, it states that the “contractual obligation shall remain in full effect unless terminated by mutual written consent by all parties”.

Is there a specific form that needs to be filled out or is the email acknowledgment enough?

2- he said that he will be owed commission if any buyers he brought us during the listing period ends up buying my house. The contract states “listing broker compensation shall be paid if property is sold, exchanged, conveyed within 30 days after the expiration of the listing agreement or termination of this agreement etc etc etc etc”- our listing agreement was set to expire on November 30, 2024 but we terminated it early- does this mean he will be owed commission if one of the buyers ends up buying my house on say January 1? What if I hire a new agent next week and this buyer comes back to make another offer?

Thanks

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied
Quote from @Jonathan Greene:
Quote from @Russell Brazil:

The email and acknowledgement serve as the mutually agreed release in writing. Nothing more needs to be done.


Some MLS systems require the signed withdrawal or you can get fined as an agent.


The MLS where he is talking about has zero power over this.

He is using a form of the association of which Im the President-Elect. It merely requires written notice of mutual consent. Email, txt both constitute written notice.

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