How to Get Out of a Real Estate Agreement: Navigating Seller Sabotage!

8 Aug 2024 · 1 min

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In this segment, a real‑estate professional recounts a real‑world case where they terminated a listing agreement with a divorcing couple because the husband deliberately sabotaged the sale by staying on the property during showings and giving prospective buyers a hostile impression. The speaker explains that both parties to a listing agreement have the right to terminate it, and that an agent may ethically and legally break the contract when a seller actively obstructs the marketing and sale of the property, as continuing in good faith would be impossible.

Chapters

And there was a time where I broke a listing agreement, so that's why either party can do it. I entered into a listing agreement with a divorcing couple on a property out near Interlaken and had the impression when we first began our relationship together that both the husband and wife were, even though they were divorcing, they were both in agreement about selling the property. Later discovered that the husband in that case would remain on the property during showings and, for lack of a better way to describe it, kind of give the evil eye to buyers and buyers' agents who were showing the property and was, was really actively thwarting the sale of the property in any way that he could. And so I just, I just went back and said, I need to break this listing agreement because I cannot in good faith continue to market this property for sale when you as a seller are actively trying to sabotage its sale.