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As with an exclusive right-to-sell listing, the exclusive right-to-buy variation contains provisions stating a broker fee is to be paid by the buyer \u2014 unless the seller agrees to pay the fee \u2014 when the buyer acquires property of the type described in the buyer's listing during the term of the listing or safety period.
Exclusive listings are private sales in which a seller agrees to only work with one specific real estate agent during a sale.
Exclusive rights may be granted in property law, copyright law, patent law, in relation to public utilities, or, in some jurisdictions, in other sui generis legislation. Many scholars argue that such rights form the basis for the concepts of property and ownership.
Noun. exclusive right (plural exclusive rights) (law) The power, granted by the government to persons, to allow or disallow others from taking certain actions (through legal force) The company was granted the exclusive right to exploit the oil resources of the province.
"Being exclusive means that you are not seeing anyone else or proactively pursuing another person. Exclusive means you aren't in a committed relationship just yet, but that doesn't mean that it couldn't eventually turn into one," Sullivan says.
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In an exclusive-right-to-sell agreement, the broker earns commission from the sale of the property, even if the homeowner finds a buyer for the home themselves. In an exclusive agency listing, the homeowner is free to find a buyer for the home with no financial obligation to the broker.
copyright. 1) n. the exclusive right of the author or creator of a literary or artistic property (such as a book, movie, or musical composition) to print, copy, sell, license, distribute, transform to another medium, translate, record or perform or otherwise use (or not use) and to give it to another by will.
Exclusivity means that one party is restricted from buying, selling or otherwise partnering with other parties than the one on the other side of the contract. Exclusivity is used in contracts to limit what one party can do, usually to the commercial advantage of the other party.
: not taking into account. there were four of us exclusive of the guide.
An exclusivity clause grants exclusive distribution rights, exclusive licenses and other exclusive rights. It can also be an obligation to purchase all of a party's requirements for a product or service from the other party and prohibitions against selling products or services to competitors.

exclusive right