VIRGINIA ASSOCIATION OF REALTORS EXCLUSIVE AUTHORIZATION TO SELL (This is a legally binding contract, if not understood, seek competent advice before signing) This AGREEMENT made as of , , by and between and (together the Owner) 2025

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The exclusive right to sell was intended to provide compensation to the listing firm if anyone produces a ready, willing, and able buyer. This anyone could include the seller finding his own buyer for the property.
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 your home yourself without paying a commission to the agent.
The main challenge in cancelling an exclusive right-to-sell listing agreement lies in its legally binding nature. Once signed, both parties are obligated to adhere to the terms until the contract expires, which typically runs for a period of several months.
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.
You can work with another agent only after the contract expires. If youve signed an exclusive buyers agent agreement for a specific type of property (lets say a single-family home), you can work with another agent to look for a multi-family home, for example.
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Because of the freedom associated with an exclusive agency agreement, sellers can find a buyer to avoid paying the agents commission. Since the agent is only entitled to a commission if they find the buyer, theres more at stake for the agent. If the seller finds the buyer, they can save big on commission fees.

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