Am I required to terminate a listing at the seller’s request?

QUESTION: The seller on one of my listings recently called to tell me that although I’ve been doing a fine job, he needed to terminate the listing. When I asked him why, he told me that his favorite niece has just gotten her real estate broker’s license and he wants to give the listing to her. I understand that blood is thicker than water, and he’s a nice enough guy, so I may agree to a termination. But I’ve put a significant amount of time and effort—as well as some money—into marketing and showing this gentleman’s property, and I want to know what my rights and responsibilities are. Am I required to let him make this change?


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