How to Fill Out Cancellation of Listing Agreement

For many reasons, you may need to cancel a listing agreement with a real estate agent. It could be because the agent was not able to meet your expectations, or you may have changed your mind about selling your property. Whatever the reason may be, it is essential to know how to fill out a cancellation of listing agreement. In this article, we will guide you through the steps required for canceling your listing agreement.

Step 1 – Review the Listing Agreement:

The first step in the process is to review the listing agreement that you signed with your real estate agent. Look for the cancellation clause that outlines the terms of canceling the agreement. This clause should mention the notice period required to cancel the agreement, as well as any penalties or fees that may be associated with canceling the agreement.

Step 2 – Contact Your Real Estate Agent:

Once you have reviewed the listing agreement, you should contact your real estate agent and inform them of your intention to cancel the agreement. It is important to do this in writing to ensure that there is a record of your request. You can send an email or a letter to your agent, requesting the cancellation of the listing agreement. Be sure to include the date of your request, the reason for the cancellation, and the notice period required by the agreement.

Step 3 – Fill Out the Cancellation of Listing Agreement Form:

Most real estate agencies have a standard cancellation of listing agreement form that you need to fill out and sign. If your agency does not have a form, you can create one yourself, or you can download one online. The form should include your name, the name of your agent, the property address, the date of the listing agreement, and the reason for cancellation. Make sure to read the form carefully and fill out all the required fields correctly.

Step 4 – Submit the Cancellation Form:

Once you have filled out the cancellation form, you should submit it to your agent or the real estate agency. You can submit the form by email, fax, or in person. Make sure to keep a copy of the form for your records.

Step 5 – Review the New Agreement:

After submitting the cancellation form, your agent may request that you sign a new agreement that outlines the terms of the cancellation. This new agreement should include any penalties or fees that you may need to pay for canceling the listing agreement. Be sure to review the new agreement carefully before signing it.

In conclusion, canceling a listing agreement with your real estate agent can be a straightforward process if you follow the proper steps. It is essential to review the terms of the agreement, contact your agent, fill out the cancellation form correctly, submit it to the agency, and review any new agreements that may be required. By taking these steps, you can ensure that the cancellation process is smooth and hassle-free.