Exclusive Right to Sell Listing Agreement

A listing agreement exclusive right to sell​ is a legally binding contract that gives a real estate broker the sole authority to market, negotiate and facilitate the sale of a property. The seller agrees to pay the broker a commission when the property sells, even if the seller finds a buyer independently. This agreement ensures the broker is fully invested in promoting the property through marketing, showings and negotiations.

The property owner and the listing agent must complete and sign the Exclusive Right To Sell Listing Agreement. This contract grants the agent the exclusive right to represent and sell the property during the agreement’s term.

The signed agreement should be submitted to the listing brokerage handling the sale. In some cases, it may also need to be provided to the local multiple listing service (MLS) or a real estate association.