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Exclusive Right to Sell Listing Agreement

Exclusive Right to Sell Listing Agreement

An Exclusive Right to Sell Listing Agreement is a contract between a property seller and a real estate broker granting the broker the exclusive right to market and sell the property within a set timeframe. The broker earns a commission regardless of who finds the buyer.

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Exclusive Right to Sell Listing Agreement granting a real estate agent sole authority to sell a property

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Frequently asked questions

A listing agreement exclusive right to sell is a legally binding contract that gives a real estate broker the sole authority to market, negotiate and facilitate the sale of a property. The seller agrees to pay the broker a commission when the property sells, even if the seller finds a buyer independently. This agreement ensures the broker is fully invested in promoting the property through marketing, showings and negotiations.
The property owner and the listing agent must complete and sign the Exclusive Right To Sell Listing Agreement. This contract grants the agent the exclusive right to represent and sell the property during the agreement’s term.
The signed agreement should be submitted to the listing brokerage handling the sale. In some cases, it may also need to be provided to the local multiple listing service (MLS) or a real estate association.

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