Consumption and Real Estate
Can I have a realtor and have a For Sale By Owner at the same time?
Question : Can I have a realtor and have a For Sale By Owner at the same time?
I live in Chicago, Illinois and I have my home for sale-a 2-flat. I personally don’t think my realtor is wokring to the best of her ability and I would like to know if I can put if up for sale on my own as well as having the Realtor working on it. Does anyone know the rules for this?
chicago homes for sale
Best answer:
Answer by hirebookkeeper
You will get lots of answers on this. Yes you can BUT you will have to pay a commission even if you sell it. Read your contract. Some realtors would be willing to let you out of the contract.
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#2 written by emailelle 1 year ago
I live in Chicago (in the Northwest suburbs) and I have seen both a realtor and for sale by owner sign sitting side by side in the lawn. You just need to check the contract you signed with the realtor. You may have signed over exclusive rights to sell the home, in which case, she could still earn her commission. But check to see if you can fire her. You can put it up on ForSaleByOwner.com or BuyOwner.com, which posts it on the site, as well as provide signage for your yard. Make sure to take great shots for the site.
Good luck!
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#5 written by Judy 1 year ago
You probably signed a contract with the realtor that says for whatever period of time it’s in effect, he or she is due a commission on the sale no matter how it’s sold. So you can go ahead and try to sell it, but if you have a contract, you’d most likely have to pay the realtor a commission even if the realtor had nothing whatsoever to do with the sale.
Read your contract to be sure.
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Depending on the contract and Realtor you are dealing with. If your listing expires (careful with the protection clause in the contract…which states as long as your Realtor provides you a list of people who were interested within 3 days of your contract expiring, if you sell your house to any of them you will owe the Realtor a commission until the protection clause is over which in California I have seen it up to 180 days) you can hire another Realtor with the clause that if you bring the buyer and sell it yourself you will owe the Realtor nothing. In which case this cannot be a buyer the Realtor introduced to you within the length of the active contract.