What should a broker tell a client who wants to cancel the listing agreement early?

The correct response emphasizes the existence of a provision within the listing agreement that allows either party to cancel early. Many listing agreements include an early termination clause that outlines specific conditions under which a client or broker can choose to terminate the agreement before the designated end date. This adds flexibility for both parties and helps clarify the options available without penalties or disputes.

In this scenario, it’s essential for the broker to inform the client of their rights according to the terms agreed upon in the contract. The provision for early cancellation can help maintain a good relationship between the broker and the client, as it demonstrates transparency and an understanding of contractual obligations.

The other responses do not capture this aspect. For instance, suggesting an amendment to cancel early might not align with the terms of the original agreement unless specified; setting a short-term expiration date does not address the client’s immediate desire to cancel; and mentioning a nominal cancellation fee could be misleading if not part of the agreement. By conveying that there is a provision allowing for early cancellation, the broker provides a clear and correct pathway for the client’s needs.