If the Realtor you hired to sell your house is not doing a good job, you may be inclined to try to switch Realtors. While you can find a new agent in some situations, make sure that you are not violating any contracts when doing so.
Breaking a Contract With a Realtor
When you agree to list your property with a Realtor, you sign a contract with him. This contract typically lasts either three or six months. Once this contract is signed, you have to abide by the terms or risk a lawsuit. The only way to get out of the contract is to ask the Realtor to cancel the contract. If the Realtor agrees to nullify the contract, you are free to switch Realtors.
Dealing With the Real Estate Agent
When you sign a contract to work with a real estate agent, you are not necessarily obligated to work with that particular agent. Technically, you have signed a contract to work with the agency, not the agent. An agency is owned by a broker, who employs the individual agents. Talk to the broker about getting a different agent in the company, and explain where your current agent is falling short. By switching to another agent within the brokerage, you would not be breaking your contract.
Waiting it Out
If you want to get a new Realtor, you could simply choose to wait out the length of your current contract. For example, if you have a 90-day contract with your real estate agent, you can allow the agent to keep trying to sell your house for that period of time. At the end of the 90 days, the agent will contact you to see whether you want to renew the contract. At that point, you can cancel the contract with no penalty and find another agent.
Consequences of Changing Realtors
If you do not try to get out of a contract legitimately and you simply hire another Realtor or a real estate agent from another firm, you may face consequences. In some cases, you may have to pay two commissions on the sale of your house, which can eat into your home's equity quickly. Do not simply switch agents in the middle of the process without first handling the issue with your existing agent.
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