Listing Agreements are created by the California Association of Realtors. They are pretty one sided.
A California Real Estate Attorney and Broker explains why you should not sign a RLA – a California Residential Listing Agreement without making changes.
In today’s market there is no reason to sign a 12 month agreement, a 6 month agreement or even a 3 month agreement unless the Realtor is spending a great deal of money on your listing and homes in your segment of the market sell slowly.
For instance if you Realtor is going to spend thousands dollars on professional photos and advertising in a luxury magazine….I might say it is then fair to sign a 3 to 6 month agreement. But, I would also put an out for the homeowner into the agreement.
Warning about Realtor Marketing Words.
Experience and phone calls inform me that many Realtors orally state that an owner can cancel the contract at any time. Yet when the owner attempts to exercise that out, all of sudden the Realtor or the Broker says, that they have a written agreement to the contrary.
Please don’t let this happen to you. Make sure your Realtor puts your out clause in writing.