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.
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