“Can I get out of my listing agreement?”
September 8, 2023
*Please note: Any questions regarding Legal Hotline Spotlights should be submitted via the Virginia REALTORS® Legal Hotline. Our attorneys are unable to respond to questions through our comments section.
Q: I am a broker who represents a seller. The seller and I disagree over numerous issues. Can I unilaterally terminate the listing agreement?
A: It depends. If the seller has defaulted or breached the terms of the listing agreement, then you might have a legal right to terminate. If you are not sure if the seller has breached the agreement, you may want to consult an attorney to discuss any liability that may arise from attempting to end the agreement. If the parties agree to part ways, a mutual release will end the agreement and insulate both parties from liability.
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