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 meaning of a disclosure statement is a legal document signed by both parties, the lender and the borrower or buyer. This statement outlines the terms and conditions, the potential ...
Oral or written contract that is not enforceable by the judicial system. Examples are contracts with minors, fraudulent agreements and contracts that exceed the statute of limitations. ...
The abstract of judgment definition is best explained as a written summary of the judgment passed by a court. This abstract of judgment includes the amount of money the losing party of a ...
Securities supported by a pool of mortgages. The principal and interest are due monthly in the mortgages and are passed through to the investors who bought the pool. ...
The geographic moving of an individual from one region to another usually because of a change in employment. Relocation normally involves the complete moving of the individual's ...
Device that places the ownership of real property with one or more trustees for security until the loan is paid by the debtor. It is used in place of a conventional mortgage contract in ...
Estimated value of property after a specified time period. ...
Building or other structure used to receive, hold, and issue products and other goods for a fee. A warehouse is a commercial property typically located in an industrial area. ...
Regulation of the Securities and Exchange Commission (SEC) establishing the criteria to avoid a private offering. For example, John wants to sell shares in an apartment house to several ...
Have a question or comment?
We're here to help.