The brutal thing about the industry is that many many many agents prey on frustrated sellers with that line, “I have buyers ready to go…” I have many clients who call me after the listing has sat for awhile and who tell me that they hear this from agents soliciting them, (which by the way is not an ethical thing to do when a person is under contract)
Lets think about that sales pitch from the agent saying, I have buyers ready to go….
1 – If they had buyers ready to go, why didn’t they bring them over to your home and collect the CBB you are offering?
2 – If they had buyers ready to go, and DIDNT bring them over then aren’t they doing a disservice to thier buyers?
3 – If they had buyers ready to go and they are only going to show them listings that THEY have, then they are the type of REALTORs who give us a very bad name and by doing business with them, you are perpetuating thier crummy existence.
4 – If they really do have buyers ready to go, then make them put it in the contract that for every week that the listing sits, they lose 1/2% on the listing commission. If they have buyers ready to go then the home should sell in the first week right?
5 – If they have buyers ready to go, ask to see this agents listing history of homes he/she has sold and who the selling agent (aka the buyers agent was)… If this agent was not both of them, then the agent is not being honest.
PS –
When you sign the listing agreement you are committed to the length of the contract. However, yeah lets say your contract length is 90 days and after day 27 you want out. So yes go to the agent and let him/her know that and they can let you out… If they are cranky go to the broker. You will get out.
Now in the CAR listing agreement that you will sign with the new broker you work with, at the bottom of page 1 there is a question regarding an obligation you may have to another broker if the home sells. If you have not properly cancelled your previous agreement, and the new broker sells your home, you could actually be obligated to pay the ORIGINAL broker if you didn’t properly cancel that original contract.
Cawireman, it is good you faxed a memo over but you definitely want a copy of the cancellation of listing agreement for your records.
Any good realtor who then takes the listing would want to see that cancellation as well.
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Anyways, my point is not to encourage people to cancel simply cuz the home is not selling. If the home is not selling that is one thing, but if you want to cancel because you are not happy with your agent, or because circumstances have changed and you do not want to sell anymore, you CAN cancel and don’t be intimidated.
However, please don’t cancel because you are falling for a snake oil salesman.
