QUESTION
Will I breach contract by using another realtor for rental
Asked on Aug 22nd, 2014 on Residential Real Estate - Virginia
More details to this question:
My sales contract with realtor expires on 11/30/14. I want to take my house off of the market (delist) and rent it instead. Can I use a different realtor broker for the rental without being in breach of contract?. My sales contract with current realtor has no language in it regarding rental. I will delist it and not put it back on the market for sale until after 11/30/14.
1 ANSWER
Your rights will be a matter of the listing contract that you signed. Not all listing agreements give a seller the right to "de-list", which basically means cancel the contract before the realtor has had a full contract's period chance to sell it. You can use a different realtor to rent if your listing agreement doesn't address rentals, and most don't. I'd suggest waiting to rent until you reach agreement with your current realtor to remove it from the market.
Answered on Aug 23rd, 2014 at 3:59 AM