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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.
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.
Exclusive right-to-sell. This is when the seller agrees to pay the listing agent, even if the property is sold through the efforts of the listing broker, the seller or someone else.
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.
"Exclusive right to sell" is a type of listing contract you enter into with a real estate agent. Put simply, it says that the signing agent is the only person allowed to market and sell your property for a certain amount of time.
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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 main difference between exclusive right to sell and exclusive agency listing comes down to the agent's 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.
An exclusive listing means that your salesperson or broker will be marketing the home on your behalf, without posting it on the Multiple Listings Service (MLS). All prospective buyers will be referred directly through your representative or their brokerage.
"Exclusive right to sell" is a type of listing contract you enter into with a real estate agent. Put simply, it says that the signing agent is the only person allowed to market and sell your property for a certain amount of time.
C. Both types of listings give the responsibility of representing the seller to one broker only. You just studied 20 terms!

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