Exclusive Agreements provide maximum support and gives your REALTOR the desire to get your property sold at all costs. Why? Commitment.
There are two types of Exclusive Real Estate Listing Agreements:
1) EXCLUSIVE RIGHT TO SELL LISTING AGREEMENT
Probably 99 percent of real estate listings are this type, where there is 100% commitment between the Seller and the Listing Agent. This agreement ensures the Listing Agent that if the property sells during the listing period, the Listing Agent is to be paid a sales commission; whether the seller, the listing agent or a cooperating selling agent finds an acceptable buyer.
2) EXCLUSIVE AGENCY LISTING AGREEMENT
An Exclusive Agency Listing contracts one brokerage to sell the property. If that agent, or any other licensed cooperating agent finds an acceptable buyer, the seller must pay a sales commission. However, no sales commission is owed if the home seller finds a buyer on his/her own. Due to the lack of control over the outcome, most real estate agents are reluctant to work on an exclusive agency listing.