I have a client who has changed her mind to sell her property and instead wants to rent it. The fee the MLS charges to withdraw is $25. I have heard other agents say they have passed the fee along to the seller. Has anyone else had experience with this or have a form that use to do so? This is not the first time this has happened so the $25 fees can add up not to mention I am already at a lost for the time invested. FYI: I know some may say well why don't you list the rental, let's just say I am electing not to put anymore time and effort into this particular client.
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I never charge a cancellation fee but my MLS does not charge to withdraw. can you just change the expiration date and let it expire tomorrow instead of withdraw?
Do a listing modification and expire the listing early. Dont withdraw it, expire it
I would charge the fee if your MLS charges it. I would put it in the listing agreement. How unusual.
Tarshema, If it's not in your listing agreement, I doubt the seller will pay it. I suppose you could ask them, and tell them you will be charged. The truth is you've probably spent a lot more than this fee in terms of time, etc. Just start adding that into your listing agreements or build that into your future business expenses. I have never heard of an MLS penalizing for withdrawing a listing.
I concur. Build the relationship as well. You never know when their circumstances may change.
Thanks, I will take it as a learning experience and add it in the future, I really appreciate your advice.
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