Get Exclusive Language Listing To Sell Form

An exclusive agency or exclusive right to sell listing must also have a termination date. A listing agreement will terminate on its expiration date or when the sale of the property closes. It will also terminate if the broker dies, goes out of business, or has her license suspended or revoked.

With exclusive right to sell, the broker has the exclusive right to market the property and receive a commission regardless of who procures the buyer. With exclusive agency, the owner retains the right to find a buyer and sell the property and owe the exclusive broker no commission.

exclusive right-to-sell listing - 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.

Exclusive Agency Listing: A contractual agreement under which the listing broker acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the listing broker if the property is sold through the efforts of any real estate broker.

In an exclusive right-to-sell agreement, the seller will be responsible for paying the realtor fees even if they find the buyer completely on their own. With an exclusive agency listing, the seller will only pay fees in the event the realtor finds the final buyer.

Exclusive Right-to-Sell Listing This is the most commonly used real estate contract. With this type of listing agreement, one broker is authorized as the seller's sole agent and has exclusive authorization to represent the property.

A rental listing is considered “exclusive” if there is a contractual agreement between the owner and a real estate agent authorizing the agent to represent the unit.

The Exclusive Listing Agreement establishes a ground for honesty, trust, and confidence between the seller and broker. Such a relationship is important during the marketing process and through the closing of the sale or lease.

As defined by the National Association of Realtors, an exclusive right-to-sell listing agreement is a contract between the listing agent and the owner of the home, wherein the seller agrees to compensate the agent's efforts regardless of who ultimately brings forth a buyer.