Document background
The Listing Agreement Termination is a crucial document used in Hong Kong real estate transactions when parties wish to formally end their existing listing arrangement before its natural expiration. This document becomes necessary when either the property owner or the real estate agency decides to terminate their relationship, whether due to a successful sale, change in circumstances, or mutual agreement to end the listing. The document must comply with Hong Kong's Estate Agents Ordinance (Cap. 511) and the Estate Agents Authority's regulations. It typically includes key information such as reference to the original listing agreement, effective termination date, handling of outstanding commissions, return of marketing materials, and mutual releases. The agreement protects both parties' interests by clearly defining the end of their professional relationship and any continuing obligations.
