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
Sewer whose sole purpose is o carry away domestic waste water. ...
In short, an overage means a surplus or an excess of money. An overage can present itself at a property at an auction where the asset has gone over the asking price. Suppose there’s a ...
Roof constructed on a storage tank designed to expand and contract directly with the level of stored materials (usually liquid). Its design prevents the loss through vaporization of the ...
Largest form of owner ship giving the owner complete control including the development off an inheritable estate. ...
In taxation, the excess of total long-term gains minus total long-term losses on the sale of real estate. Long-term classification is for real estate held one year or more. This is reported ...
Leasing commercial or industrial real estate can be a perplexing process. As a tenant (and as a landlord,) you must consider several aspects before actually signing the deal. Even top local ...
Ownership of property transfers from the seller to the buyer when the parties sign the contract. ...
The smallest lot area required for building under the municipal zoning code. For example, a municipal zoning code requires all building lots to have a minimum lot area of 1/4 of an acre in ...
Fee charged by a mortgage lender to a buyer, seller or both for transferring a mortgage when the mortgage property is sold. ...
Have a question or comment?
We're here to help.