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Hassan is not satisfied with the listing agreement with REE Realty Company. What is his best option for terminating the listing with REE Realty Company?

Hassan could wait for the expiration of the agreement term to pass.
Hassan could speak with the broker and possibly come to a mutual agreement that it is in both parties' best interest to cancel the listing.
Hassan could cancel the agreement; however, since it is contractual, the broker could decide to sue for damages.

User Ed Lucas
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1 Answer

5 votes

Final answer:

Hassan should communicate directly with the broker to reach a mutual agreement to terminate his listing with REE Realty Company. He can use a 30-day written notice of intention to terminate, as specified in the TERMINATION clause, or wait for the expiration of the agreement, noting any automatic renewal clauses.

Step-by-step explanation:

Hassan seems to be in a situation where he wants to terminate his listing agreement with REE Realty Company. Based on the provided references, which appear to be clauses from a lease or rental agreement, Hassan's best course of action would be to approach the broker directly and discuss his dissatisfaction. By communicating his intention to terminate the listing, there may be an opportunity to come to a mutual agreement that is beneficial for both parties.

If a mutual agreement to cancel the listing can be reached, this would likely be the most straightforward resolution. This is in line with the POSSESSION clause which indicates that either party may terminate the agreement upon written notice if certain conditions are met. Additionally, the TERMINATION clause supports this action by allowing for a 30-day written notice of intention to terminate the agreement by either party. However, it's important to note that if the agreement is of a different nature (i.e., not leasing or rental), the specific terms of that agreement and the laws governing real estate listings in the relevant jurisdiction would dictate the appropriate steps for termination.

Should Hassan decide not to pursue a mutual cancellation and simply waits for the expiration of the agreement, he needs to be aware that automatic renewal clauses may apply. Therefore, reviewing the specific terms in the listing agreement regarding termination and automatic renewals would be imperative.

User Sekky
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