Exclusive Agency Listing
The Exclusive Agency Listing is regularly confused with the Exclusive Right to Sell Listing, but they are not the same. True: on both Listings, only 1 Broker or Agent has the right to sell the property.
However, different from the Exclusive Right to Sell Listing, whenever a home seller decides to go with the Exclusive Agency Listing, he retains the possibility of not paying the commission to the real estate broker or agent if said home seller found a home buyer with no help from the broker or agent.
Still, the broker or agent preserves some benefits with this type of Listing. For instance: with the Exclusive Agency Listing he (or she) will compete only with the home seller and not with other agents too. This is good news for the broker or agent because chances are that the home seller's network of possible buyers is much less threatening to his sale than the network of possible buyers from another broker or agent.
Exclusive Agency Listings balances the fact that the home seller needs the broker's best efforts to sell the house with the fact that the broker needs compensation guarantees. That compromise on both ends makes the Exclusive Agency Listing one of the most popular types of Listings in the real estate world.
RealEstateAgent.com ADVICE:
Maybe neither the Exclusive Agency Listings or the Exclusive Right to Sell Listings are the right types of Listing for you. That's not a problem: you can still look it up for other types of Listings - such as Multiple Listings, Net Listings and Open Listings - on our Glossary Terms and learn what is the best one suited to your needs
If it's too overwhelming: take a deep breath! And feel free to look for a trustworthy real estate agent on The OFFICIAL Real Estate Agent Directory® to guide you through the process.
Popular Real Estate Terms
The transfer of a property deed to the original owner upon the satisfaction of a mortgage. A reconveyance is accomplished through a reconveyance deed. For example, upon making the final ...
Same as term cape cod colonial house: Early American style 1 1/2 story house with a steep gable roof covered with shingles. The bedrooms are on the first floor, but the attic is often ...
Inspection required in certain types of sales of property to determine if termites are present within a building. ...
Wall having an air space between the two sides. A hollow wall is often covered with wallboard that is nailed to the wall studs providing an air space between the two sides. ...
Across the globe, countries have comprehensive antitrust laws that protect customers and ensure the orderly conduct of businesses. Through antitrust laws, the playing field is balanced for ...
North-south lines that encircle the earth and used as references in mapping land. ...
Any of several types of legal joinders whereby one or more parties unites with or joins other parties in a legal action or proceeding even though the party may not be a direct part of the ...
Contract that intends to convey property form one individual to another but is defective in one respect. ...
Through the master plan definition, we can understand it’s a plan describing both through narrative and maps the overall land use of a designated urban area. It includes both present ...
Have a question or comment?
We're here to help.