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An exclusive right to sell listing agreement is a contract between the listing agent and the property owner. The contract will specify that the listing agent will be the only agent you hire and will be guaranteed to receive the commission when your house sells.
Definitions of exclusive right. a right reserved exclusively by a particular person or group (especially a hereditary or official right) synonyms: perquisite, prerogative, privilege.
Exclusive rights can be established by law or by contractual obligation, but the scope of enforceability will depend upon the extent to which others are bound by the instrument establishing the exclusive right; thus in the case of contractual rights, only persons that are parties to a contract will be affected by the
The Exclusive Listing Agreement establishes a ground for honesty, trust, and confidence between seller and broker. Such a relationship is important during the marketing process and through the closing of the sale or lease. We require this foundation for every property we sell or lease.
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

People also ask

The primary difference between exclusive agency and exclusive right-to-sell relates to commission fees. In an exclusive agency listing, the seller only pays fees if the agent sells the property. In an exclusive right to sell agreement, the seller must pay realtor fees regardless of if the property is sold.
The Exclusive Listing Agreement establishes a ground for honesty, trust, and confidence between seller and broker. Such a relationship is important during the marketing process and through the closing of the sale or lease. We require this foundation for every property we sell or lease.
The main difference between exclusive right to sell and exclusive agency listing comes down to the agents commission. If you are solely dependent on the broker to find potential buyers, it is better to go with an exclusive right to sell agreement.
Home sellers may have the option of offering a real estate agent an exclusive listing or an open listing. An open listing allows other local real estate agents to compete to find a buyer for the property. An exclusive listing gives the sole agent an incentive to work hard for the sale.
An exclusive rights agreement is a contract between an author and publisher that grants the publisher exclusive rights to publish, distribute, and sell the work. This type of agreement can be advantageous for both parties because it limits competition from other publishers.

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