Gives seller more control over who views the property for sale: Exclusive listings are more suitable for sellers who want to control who and how many people are going in and out of their homes during the sale of the property.
An exclusive listing usually describes a duration in which the agent is going to be given the exclusive rights to sell the home. In most cases it is three months, but the agreement can be modified, depending on the market and interest in the home.
Exclusive Right of Sale Listing Agreement Transaction Broker (ERS-20tb). This is a listing agreement in which the seller grants the listing broker the sole right to list the property and establishes that the broker has a transaction broker agency relationship with the seller.
Best Definition of an Exclusive Right-to-Sell Listing The best definition is: an agreement in which the seller guarantees the named broker receives a commission if the property is sold, regardless of who brings the buyer.
Co-ownership is when an asset such as a home is jointly owned by two or more parties. In this arrangement, all owners are listed on the asset's title, signifying that each holds a specific percentage of ownership.
Finally, there are situations in which a seller truly signs two contracts, attempting to hedge his or her bets and ensure that a deal is made. This is not generally appropriate and can wind up in litigation. In many cases, nothing bad will happen. One buyer backs out, and the second buys.