Paragraph 7 of this Agreement contains a disclosure explaining more fully the roles and responsibilities of Buyer, a seller and the agent in a dual agency. For each Office Exclusive Listing, Seller will sign and deliver concurrently with Agreement an MLS-required form certifying that Seller does not authorize.Virginia REALTORS® Form 450 - Exclusive Buyers Brokerage Agreement Standard 2024-06. Fillable Member Newsletter. Under an exclusive right-to-sell agreement, the listing firm is offered compensation in the event of a sale regardless of who procured the eventual purchaser. An agency agreement is a legally binding contract and it is important that you read and understand it. Virginia State Form. Explore what an exclusive agency agreement is, its legally binding nature, and when to use one. Discover the risks, and stay on top with our free template.