The Truth About Cancelling Your Listing From Your Realtor

I’ve never heard any Realtor talk about the details of the listing cancellation.  So I decided to vlog/blog about it.

There are 2 types of listing cancellations:

1.  Cancel Protected – This is when the Seller cancels the listing with the Realtor before the expiry date of the listing contract.  The Realtor must comply to this cancellation request.  The Seller must wait till the end of the listing contract before listing it again on the MLS with another Realtor.  If the Seller tries to list it with another Realtor, the Real Estate Board will not allow the listing to go on MLS.

Example:  Sally lists her home with Bob the Realtor from January to June 31st.  Sally requests to have her listing cancelled on March 31st.  Bob must comply.  From April 1st to June 31st, the listing will be cancelled on MLS and Realtors who look up the history will see that it is in Cancel Protected status.  If Sally wants to list her home with George the Realtor, she must wait until July 1st to list it on MLS with George.

2.  Unconditional Release Form – This is when the Seller requests a cancellation of the listing and wishes not to be on Cancel Protected status, doesn’t want to wait until the expiry date of the listing contract and wants to list it with a new Realtor right away.  

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