Question

Hassan is not happy with the listing agreement on his home through REE Realty Company. He has not been pleased with the showings without notice, the agents showing his home have been rude, and he doesn't feel the property has received the advertising or exposure promised when he signed the listing contract. What is his best option for terminating the listing with REE Realty Company?

a. Hassan could wait for himself or the broker to pass away.
b. Hassan could wait for the expiration of the agreement term to pass.
c. 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.
d. Hassan could cancel the agreement; however, since it is contractual, the broker could decide to sue for damages.

Answer 1

Hassan's best option for terminating his listing agreement with REE Realty Company due to service dissatisfaction is to discuss the situation with the broker and seek a mutual agreement to cancel the listing.

Step-by-step explanation:

Hassan is currently facing issues with his listing agreement with REE Realty Company and is exploring options for canceling the agreement. The terms provided suggest that for issues like inability to deliver possession on the agreed date, a cancellation can be made with a written notice and without liability. However, Hassan's concerns appear to be about the service quality rather than possession issues. Therefore, his best option would be to discuss the situation with the broker and seek to mutually terminate the agreement. This approach avoids potential litigation that could arise if Hassan unilaterally canceled the contract.

Formal termination typically requires adherence to the terms laid out in the contract, which might include providing a notice period or having 'just cause' for termination. As such, Hassan should review the terms of his specific listing agreement for any relevant clauses addressing service dissatisfaction and follow the prescribed procedure for dispute resolution or termination. He may also seek legal counsel to ensure that his rights are protected and to navigate any potential complications that could arise from terminating the contract.