A Listing Agreement — Exclusive Right to Sell is a contract between a real estate seller and a real estate agent. It grants exclusive rights to the agent to market and sell the property, and states the commission the agent will receive if the property is sold. This type of listing agreement is the most common among real estate agents. It allows the agent to negotiate on behalf of the seller, and can be used to include marketing efforts, such as open houses, advertising, and more. Different types of Listing Agreement — Exclusive Right to Sell include: * Exclusive Agency Listing Agreement — This type of agreement allows the seller to list their property with more than one real estate agent. If the property is sold by one of the agents, the seller is obligated to pay the commission. * Exclusive Right to Sell Listing Agreement — This type of agreement grants exclusive rights to one agent. The seller is obligated to pay the commission even if the property is sold by a different agent or by the seller directly. * Exclusive Tenancy Listing Agreement — This type of agreement allows the seller to list their property with one agent for a limited period of time. The seller is obligated to pay the commission if the property is sold during this period of time.
Listing Agreement - Exclusive Right to Sell
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FAQ
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.
Note: All exclusive listing contracts must contain a definite termination date. A licensee could be subject to disciplinary action for receiving a commission for a transaction if the agreement did not have a definite end date.
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.
Exclusive Right-to-Sell 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, regardless of whether the property is sold through the efforts of the
The Exclusive Right to Sell and/or Lease Commercial Property (Form XLSC) establishes an exclusive agency with the property owner, whether they are looking to sell or lease a property. This is a binding agreement for both the broker and the owner.
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.