DEAR BENNY: Isn't a contract a contract? I am about halfway through an eight-month listing agreement. The Realtor is pressuring me to again lower the asking price. He has shown me where similar homes for sale have recently had their asking prices reduced. I know the market is going that way, but I cannot afford to lower my price and don't have an urgent need to sell immediately. Do I have any legal or ethical obligation to lower my price or can I simply stick to my guns and expect that my contract be continued as is? I assume that the listing contract is legally binding and cannot be changed. If I wanted to go to another Realtor, could I get out of it or do I need to wait for the contract to expire? For example, when the Realtor asked me again to lower the asking price, I asked him to lower his commission and he said the contract specifies the commission and it cannot be changed until the contract expires. So my point, which went unnoticed, was that the contract should b...
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