Definition: An exclusive right-to-sell listing is the most commonly utilized instrument. It gives the broker the exclusive right to earn a commission by representing the owner and bringing a buyer, either through another brokerage or directly. The owner pays both the listing and selling broker fees. The owner cannot sell the property herself without paying a commission, unless an exception is noted in the contract.
Also Known As: Exclusive Right, Exclusive Listing,
Alternate Spellings: Exclusive Right to Sell
Common Misspellings: Inclusive Right to Sell
Examples:
An Exclusive Right-to-Sell listing typically pays a set commission, from which a percentage or dollar figure is paid to the selling agency.
