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What is an “exclusive agency” listing?

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What is an “Exclusive Agency” Listing?

An Exclusive Agency Listing is an agreement between a seller and a broker establishing the right to be the only broker to market and sell a property, with the exception of a non-represented buyer. The seller retains the right to sell the home to a buyer without paying a buyer agent commission. A non-represented buyer is a buyer that does not have an agent participating in the transaction for the purpose of earning the buyer agent commission.

This is different from an “exclusive right of sale” listing, in which the broker receives a commission from the seller regardless of who brings the buyer into the purchase.

Notice: This website contains general information about possible legal and financial matters. The information is not advice, and should not be treated as such. You must not rely on the information on this website as an alternative to legal or financial advice from your attorney, accountant or other professional legal services provider. If you have any specific questions about any legal and financial matter you should consult your attorney, accountant or other professional legal services provider

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