“Can I fire my real estate agent?”
Many prospective homeowners have asked this question throughout their pursuits. It’s possible to fire your real estate agent — but before you call it quits, it’s essential to know why you’ve decided to do so. There could be a way to find a solution to your issues so that you can move forward together.
Take a look at this guide to see when, why and how you should fire your real estate agent.
What Problems Necessitate a New Real Estate Agent?
There are a few concerns that can arise as you work with an agent to find a home. While it’s not always easy to find a “perfect” agent, it’s also important not to settle for a mediocre agent who makes this process more difficult than necessary. You want someone who can work with you professionally and competently.
It’s most common to find communication issues as the central problem. You may also notice that your agent hasn’t taken any initiative to market your home — and that’s why it hasn’t sold yet. They could even lack negotiation skills or other vital abilities. Do these issues ring a bell? If so, it’s likely time to explore other options before you have any regrets.
You may have noticed a strain on your relationship. If you’ve become excessively anxious and overwhelmed by this situation, it’s best to take a step back. You shouldn’t work with someone who causes you to feel those emotions. Your buying or selling experience needs to make you excited and hopeful for your future.
A small disagreement you can smooth over isn’t a reason to say goodbye. In short, it’s viable to fire your real estate agent if they’ve caused significant issues that have put a damper on your experience. Once you’ve decided to fire your agent, it’s time to learn how to do so correctly.
How to Fire Your Real Estate Agent
It’s not often you can simply say goodbye and part ways. There may be legal matters you and your agent have to handle before you hire someone else. In any case, it’s essential to know how to fire your agent properly. Here’s how to navigate this situation, whether you’re a buyer or a seller.
As a Buyer
As a buyer, you should be able to have a discussion with your agent. You may have signed an Exclusive Buyer-Broker Agreement that guarantees your agent earns money. In that case, it’s essential to talk about how you can terminate it. If you haven’t committed to a contract, you’ll need to communicate with your agent about your desire to take another path.
Make sure to meet with your agent to have this “break up” if possible. You should be upfront and honest about your views, but it’s also crucial to set your emotions aside. Remember that they’re human, too. Don’t ignore their calls and look for another agent when you can have an adult conversation.
Then, you’ll be free to hire another agent who better suits your goals.
As a Seller
This situation can be a little trickier when you’re a seller. You’ve probably entered into an agreement with your agent. This contact likely gives them various rights related to when and how your house sells. There may also be other notes that further define your relationship. It’s best to find out how you can void that contract sooner rather than later.
Contact your agent’s broker to discuss and cancel the contract. It’s often that straightforward, as most brokers want to keep you happy enough to continue to work with them. You can then ask about a new agent if you want to stick with the same broker. Otherwise, it’s best to cut ties and research others.
If you’re unable to release yourself from the contract, it’s time to consult a lawyer. You may not want to enter into a legal battle, but it’s sometimes necessary when there’s an agreement involved. Be prepared for this step from the start.
You Can Fire Your Real Estate Agent, But Not Without Consideration
It’s not uncommon for a buyer or seller to not click with their real estate agent. Your home journey shouldn’t feel extra stressful because you don’t gel with yours. Think about whether or not this information resonates with you. If it does, you know that it’s time move on.