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Updated over 8 years ago on . Most recent reply

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3
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Chris Johnson
  • Investor
  • Saint Paul, MN
0
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3
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Listing Agreement

Chris Johnson
  • Investor
  • Saint Paul, MN
Posted

I signed a Listing Agreement in Minnesota on 10/28/16 and I'm not comfortable with the length of the agreement. Is it true that I have 72 hrs. or three business days to cancel?

Thanks,

Chris Johnson

Most Popular Reply

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70
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100
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Keith Linne
  • Investor
  • Minnetonka, MN
100
Votes |
70
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Keith Linne
  • Investor
  • Minnetonka, MN
Replied

I work full-time as a general contractor in the Twin cities, and state statute requires we include a mandatory optional cancellation form for cancellation of contract for any reason within 72 business hours/3 business days. I believe that statute applies to the entire service industry, but I am not certain. My opinion is that a professional Realtor would allow you to modify the length of the contract, if desired (no one should want to have a client under contract unwillingly), so it may be worth simply having the conversation. Good luck!

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