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Exclusive right-to-sell listing - An exclusive right-to-sell listing contract provides the most protection for the broker. This contract engages the broker and guarantees a commission regardless of whether the seller or the broker initially found the buyer.
The listing agreement signed with the exchange provides for timely dis¬closure of information relating to dividend, bonus and right issues, book clo¬sure, facilities for transfer, company related information etc by the company. Thus providing more transparency and building investor confidence.
The majority of listing contracts work in the same way. The only exception is with an open listing agreement. Instead, an open listing contract is known as a ?unilateral contract?. This is because only one party in the contract is making a promise to deliver?the other involved party is under no obligation to perform.
"Exclusive right to sell" is a type of listing contract you enter into with a real estate agent. Put simply, it says that the signing agent is the only person allowed to market and sell your property for a certain amount of time. Generally, these agreements last anywhere from one to six months.
The listing agreement also specifies the listing price, broker's duties, seller's duties, broker's compensation, terms for mediation, an automatic termination date, and any additional terms and conditions.