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(b) An exclusive listing agreement shall contain, in addition to the requirements in § 35.331 (relating to written agreements generally), the following: (1) The sale or lease price. (2) The commission, fees or other compensation expected on the sale or lease price. (3) The duration of the agreement.

With the exclusive right to sell, the agent and their brokerage make a commission no matter who finds the buyer. With an exclusive agency agreement, on the other hand, you retain the right to market and sell to a buyer yourself without paying a commission to the agent.

An exclusive right-to-sell listing contract provides the most protection for the broker. This contract engages the broker and guarantees a commission regardless of whether the seller or the broker initially found the buyer.

For the most commonly used ?exclusive right to sell? listing agreement, the agent will be the sole individual entitled to a commission from the sale of the property. Agency Disclosure Notice (§ 20-325d) ? Describes the nature of the client-agent relationship in detail.

An exclusive right to sell listing agreement is a contract between a listing agent and a home or property owner. An exclusive right to sell specifies that the listing agent is the only agent you've hired, and the agent is guaranteed to receive the commission when your house sells.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.