This is a common type of real estate listing agreement. A specific broker is given the exclusive right and authorization to market the seller's property. A key to this agreements is that if the property is sold while the listing is in effect, the seller must pay the broker a commission regardless of who sells the property. Therefore, this type of listing agreement offers the best opportunity for brokers to earn a commission. The Exclusive Agency Listing is also known as an exclusive right to sell listing.
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