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What happens if a realtor breaks the contract?

When you work with a real estate company in North Carolina to sell your home, you usually expect this company to help you get a good deal on your house. Sometimes, though, the company you work with may breach the contract. In this situation, it is important for you to know what to do. 

Your real estate agent might break a contract in a number of ways. According to Homelight, your realtor is not supposed to share your private information with potential homebuyers. This person may be in breach of contract if he or she reveals your personal information to people interested in your home. Additionally, a real estate agent typically needs to tell you about all of the offers buyers make. This means that your real estate agent is in breach of contract if he or she does not tell you about all of the available offers, causing you to sell your home for less money. A realtor may also break the contract if he or she does not negotiate offers to find the best price for your house. 

Sometimes a real estate agent may break a contract by marketing your house in an inappropriate way. He or she may not work with other realtors to make sure potential buyers know about your home. In other situations, your agent may not show the house to buyers, or he or she might fail to put your home on a real estate listings website.

When you realize your realtor did not fulfill the terms of your contract, it is important to take action. It is a good idea to speak to the real estate company and explain your concerns. The company may provide a different realtor for you to work with. In other situations, you may be able to speak to your real estate agent directly. Sometimes this person may not realize he or she has not given you as much information as you need and communicate more openly once he or she knows you are not satisfied.  

This information is intended to educate and should not be used in place of legal advice.

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