Exclusive Agency Listing Agreement Form
Description
How to fill out Exclusive Agency Or Agent Agreement - General?
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FAQ
Open Listing: A contractual agreement under which the listing broker acts as the agent or as the legally recognized non-agency representative of the seller(s), and the seller(s) agrees to pay a commission to the listing broker only if the property is sold through the efforts of the listing broker. (
A listing agreement in which the seller retains the right to employ any number of brokers as agent is called an open listing. In an exclusive-agency listing, one broker is authorized to act as the exclusive agent of the principal, who retains the right to sell the property without obligation to the broker.
Exclusive listing is when a property owner enters into a legal agreement with a brokerage and its designated agent to market the sale of a property within a given time frame.
Exclusive agency listing: Agents get paid in this type of agreement only if they sell the property. No fee is earned if the owner alone sells the property. Open listing: In this type of agreement, sellers have the right to use as many brokers as they want.
Exclusive brokerage listing differ from exclusive right to sell listing is that this agreement gives the broker the best guarantee of receiving a commission on the sale of the property.
