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It all depends on the contract. If the listing agreement you signed allows you a way of the contract before expiration of the 180 day term, then you cancel the agreement by whatever means is contemplated by the contract. If the contract does not provide for an early termination, then technically and legally, you have to allow the agent to list and try and sell the property for the 180 day period. However, say the agent found a buyer to make an offer. You could reject that offer. The agent would then have to argue it wasn't in good faith and a breach of the listing agreement, etc. etc. So, if the contract doesn't provide for early termination, you should contact the listing agent and let them know of the circumstances that require you to take the home off of the market. The agent will most likely take the home off of the market. More than anything, the listing agreements are to keep you from shopping around with multiple agents in an attempt to sell the home more quickly or pay a lower agent fee.
Yes, technically the agent could refuse and rely on the 180 day agreement. But it would be very unusual to do so because it gets them nowhere fast and to try and enforce the agreement would be very difficult, not to mention very expensive. You can compensate the agent -- i.e. an agreement to terminate early. It wouldn't be a gift. It would be a fee you're paying for being released from the contract early.
You could provide her a gift but her company may prohibit her from accepting anything significant. Further, it would likely be an ethical violation under rules governing agents for her to accept a significant gift.
Unfortunately, yes you would have to wait out the contract and simply refuse any offers to buy. Your welcome. I'm glad I could help. I hope this works out well for you. I would be grateful if you could please leave me a positive rating for my assistance. Thanks so much and have a great evening.
You should be able to leave a rating now, but however works best for you. Thanks!
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