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Can I cancel listing agreement if I don’t want to sell?

we signed an agreement to sell, our rental property, with the understanding that the market would be such that there would be multiple competing offers and could be for above listing price. it has only been a few weeks, but we haven’t even gotten a offer for full listing price. So we would like to go back to just renting out the property. Can we cancel the listing agreement?

Asked by Tamrah | Glendora, CA| 08-21-2024| 1,125 views|Working With an Agent|Updated 1 year ago

Answers (5)

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Barrett Henry

RE/MAX Collective · Tampa, FL

(6 reviews)
You can request a cancellation, but whether the agent is obligated to release you depends on your listing agreement. The fact that you haven't received a full-price offer in a few weeks doesn't necessarily mean the market has failed you. It could mean the home needs more time, or it could mean the listing price needs to be adjusted. A few weeks without a full-price offer is not unusual in many markets, especially if the home is priced at the top of the range for the area. That said, if you've genuinely decided you'd rather keep renting the property, you have the right to request a release from the listing. Contact your agent and their broker in writing and explain that your circumstances have changed and you no longer wish to sell. Most brokerages will release you, though some agreements include a cancellation fee or require a notice period. Be aware of the protection period clause. If a buyer who saw the home during the listing period comes back and makes an offer within the protection window after cancellation, your agent may still be entitled to their commission. Before you cancel, have an honest conversation with your agent about whether a price adjustment might change the outcome. If the answer is still no and you want to go back to renting, submit the written cancellation request and move on.
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03-27-2026 (3 weeks ago)··
Amanda Courtney

REP Realty Group · Fort Myers, FL

(13 reviews)
Often, but it depends on the contract. Review the term and cancellation clause, then request a written release from the broker.
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10-27-2025 (5 months ago)··
Julianne Clark

Charter One Realty · Beaufort, SC

(48 reviews)
Talk to your agent. You should be able to cancel your listing contract. Keep in mind -- there may be a fee to do so to cover marketing expenses and such. It all depends on what you agreed to. The real estate market is changing all over the country from where it was 2 years ago. So is the rental market -- long and short term. Make sure that you are comfortable hanging onto the property if it continues to evolve.
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08-26-2024 (1 year ago)··
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Sami VecchiollaRising Star25 Answers
Sami Vecchiolla

COMPASS GREATER NY LLC · Chappaqua, NY

(17 reviews)
Your listing agreement should have details on it how you can cancel the deal for any reason. Worst case scenario email your agent and ask to cancel the agreement and they should walk you through how to do that. Best of luck!
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09-28-2025 (6 months ago)··
Tom MatthewsRising Star18 Answers
Tom Matthews

Gibson Sotheby's International Realty · Boston, MA

(108 reviews)
Not unilaterally and you must speak with your agent. I have been in real estate for over 22 years and if I were in this situation I would ask you, the client, to reimburse me for the marketing and then I would agree to cancel the contract. Other than the last 3-5 years, it historically would take 90 to 180 days to secure an offer on a home so a few weeks feels like a long time, but really is not that big of a deal. This is a discussion and one that should be very easily worked out. Concord, MA real estate
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09-04-2024 (1 year ago)··
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