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Exclusive Right to Sell

Exclusive Right to Sell

A common type of real estate listing agreement that gives one specific broker the sole authority to market a particular property for sale. This means that only this broker can advertise and market the property, and if the property is sold during the term of the agreement, the broker is entitled to a commission, regardless of who ultimately brings the buyer to the table. For example, if a homeowner signs an exclusive right to sell agreement with a broker, then only that broker can promote and sell the property, and if the property is sold, the broker would receive a commission. This type of agreement provides a guarantee to the broker that their efforts will not be undercut by another agent or brokerage firm. It also motivates the broker to work hard to sell the property because they know they will earn the commission if successful. Overall, an exclusive right to sell agreement is an effective tool for both brokers and homeowners to ensure a successful sale in the competitive real estate market.
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