Do I have to pay a real estate commission to a Realtor if my Overland Park home does not selI? Can I cancel my listing agreement I have with my real estate agent?

Question: Do I have to pay a real estate commission to a Realtor if my Overland Park home does not selI? Can I cancel my listing agreement I have with my real estate agent?

Brad S. from Overland Park, Kansas

Answer: Typically you owe nothing to the Realtor until your home sells. Since your Overland Park home has not sold, you should not owe anything to your REALTOR. 

Typically the difficult question is your second question. Listing agreements are contracts. Unless both parties agree to cancel, they can't be canceled. In order to cancel, you may need to seek the advice of an attorney. 

The Dowell Taggart Team has a 30 Day Listing Agreement. If the seller is not happy, they just don'tr renew the agreement for another 30 days. To find out more, to 30 Day Real Estate Listing.

RE/MAX sells more homes than any other real estate company.
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