Read your listing agreement and determine which facets of the contract your agent failed to meet. The agent's responsibilities may be outlined in sections entitled "Duties," "Responsibilities" or something similar, and often includes tasks such as marketing and disclosing offers. If you are planning to cancel the agreement with the agent in favor of a different agent from the same real estate firm, explain this to the agent's manager or broker. This relatively easy change to the contract cancels your obligation to work with the individual agent. However, your listing agreement remains with the firm.
Explain your reasons for cancelling the listing if you're taking your home off of the market before the listing expires. Disclose personal circumstances such as financial limitations, a job loss, illness, or other situation that prevents you from continuing with the sale. The broker may understand and agree to a mutual cancellation; however, they may also require you to cover certain expenses. Early termination fees may equal hundreds of dollars, according to Bankrate. Agents who pay for staging, professional photography and ads may also want to be reimbursed for those costs if you cancel the listing.
Review and sign the listing cancellation document. This is a boilerplate form developed by the state's real estate commission or governing organization. Read each part of the cancellation agreement carefully and ask about any sections or clauses you don't fully understand. A cancellation agreement usually includes a clause that prevents you from re-listing the home soon after or selling the home to a buyer procured during the listing period.