What is an exclusive right to sell listing?

An exclusive right to sell listing is a specific type of listing agreement where the broker has the sole right to earn a commission on the sale of the property, regardless of who actually finds the buyer. This means that even if the seller finds a buyer independently, the broker is still entitled to their commission. This arrangement provides the broker with a strong incentive to market the property effectively since they will be compensated for their efforts whether they directly secure the buyer or not.

The nature of this agreement also establishes a clear commitment between the seller and the broker, as the seller cannot list the property with multiple brokers simultaneously. This exclusivity often leads to more dedicated marketing efforts from the broker in order to achieve a successful sale.