What is the exclusive right-to-sell agreement?

The exclusive right-to-sell agreement is a specific type of listing agreement in real estate where the seller grants a single broker the exclusive right to sell their property. This means that the listing broker is entitled to a commission regardless of who sells the property—whether it’s the broker themselves, a cooperating broker, or even the seller. This arrangement incentivizes the broker to market the property effectively, as they are assured compensation for their efforts no matter the final selling party.

In contrast to other types of agreements, such as those allowing the seller to list with multiple brokers or those providing guarantees for sale within a particular timeframe, the exclusive right-to-sell agreement is particularly focused on the singular relationship with one broker, thus simplifying the sales process and maximizing the broker's commitment to obtaining the best possible price for the property.