The Real Estate Encyclopedia
What is an Exclusive Right to Sell Listing Agreement?
Category - Home Buying Questions - General Home Buying FAQ's

An Exclusive Right-to-Sell is a listing agreement where a seller employs one specific real estate broker and agrees to pay that broker a commission if a buyer is secured under the terms of the contract. The commission earned includes both the listing and the buyer’s commission.

No other broker/agent may sell offer the property for sale, unless the property is placed on the MLS (multiple listing service) and is made available to other brokers through a sub agency agreement. In such an instance the listing and buyer commission is shared between the listing broker and the broker securing the buyer.

Under the terms of an Exclusive Right-to-Sell listing the broker is still entitled to the commission even if the home owner sells the property themselves. This is the most popular method of listing a property for sale and many brokers will not take a listing or invest marketing dollars and time without an Exclusive Right-to-Sell agreement.



Also See

Different Types of Listing Agreements

 

 
Category(s)
Home Buying Questions - General Home Buying FAQ's
Home Buying Questions - Buying Legal & Closing FAQ's
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