Exclusive Right-to-Sell
Standard Definition
A listing agreement where the broker receives a commission regardless of who finds the buyer, even if the seller sells the property independently.
Detailed Examination Analysis
The Exclusive Right-to-Sell listing agreement provides the highest level of commission protection for a broker. Once signed, the broker is authorized to market the property. If a buyer is secured during the listing term, the broker receives the commission, even if the seller finds the buyer on their own.
Real-World Examination Scenario
"A seller signs an exclusive right-to-sell listing with a broker. While the broker is marketing the home, the seller's coworker offers to buy it. At closing, the seller must pay the broker the agreed-upon commission, even though the coworker was introduced by the seller."
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