Difference Between Exclusive Right And Exclusive Agency

State:
Multi-State
Control #:
US-00515
Format:
Word; 
Rich Text
Instant download

Description

The Exclusive Agency Agreement outlines the differences between exclusive rights and exclusive agency in the context of talent representation. An exclusive right typically means the agent is the sole representative and earns a commission from any engagement the talent secures, while exclusive agency allows the talent to secure engagements themselves but still pays the agent a commission if the agent finds work. Key features include the term of engagement, agent's authority, and compensation structure based on gross earnings. Filling out the form requires accurate completion of personal details, duration of the agreement, and specific percentages for compensation. Users must note provisions for expenses and agent's authority in promotional activities. The agreement is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a template for establishing clear terms of representation, protecting the interests of both parties, and ensuring compliance with legal standards within the entertainment industry.
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  • Preview Exclusive Agency or Agent Agreement - General
  • Preview Exclusive Agency or Agent Agreement - General
  • Preview Exclusive Agency or Agent Agreement - General
  • Preview Exclusive Agency or Agent Agreement - General
  • Preview Exclusive Agency or Agent Agreement - General
  • Preview Exclusive Agency or Agent Agreement - General
  • Preview Exclusive Agency or Agent Agreement - General
  • Preview Exclusive Agency or Agent Agreement - General

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FAQ

In an exclusive-right-to-sell agreement, the broker earns commission from the sale of the property, even if the homeowner finds a buyer for the home themselves. In an exclusive agency listing, the homeowner is free to find a buyer for the home with no financial obligation to the broker.

In an exclusive agency listing, the seller does not have to pay the agent if they find a buyer themself, while in an exclusive right-to-sell listing, the seller pays the agent regardless. An exclusive right-to-sell agreement is used more frequently than an exclusive agency agreement.

With exclusive-right-to-sell, the broker has the exclusive right to market the property and receive a commission regardless of who procures the buyer. With exclusive agency, the owner retains the right to find a buyer and sell the property and owe the exclusive broker no commission.

Exclusive right to sell vs exclusive agency With the exclusive right to sell, the agent and their brokerage make a commission no matter who finds the buyer. With an exclusive agency agreement, on the other hand, you retain the right to market and sell to a buyer yourself without paying a commission to the agent.

Exclusive right to sell vs exclusive agency With the exclusive right to sell, the agent and their brokerage make a commission no matter who finds the buyer. With an exclusive agency agreement, on the other hand, you retain the right to market and sell to a buyer yourself without paying a commission to the agent.

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Difference Between Exclusive Right And Exclusive Agency