What type of listing gives a broker the right to sell the property exclusively?

An exclusive right-to-sell listing grants a broker the exclusive authority to sell a property. Under this agreement, the broker is the only agent permitted to represent the seller in the transaction, regardless of whether the seller finds a buyer independently. This means that if the property is sold while the listing agreement is in effect, the broker is entitled to the agreed-upon commission, even if the sale was accomplished without the broker's direct involvement. This arrangement provides the broker with a solid incentive to market the property aggressively, as they are assured compensation for their efforts.

In contrast, other types of listings do not provide the same level of exclusivity. An open listing allows the seller to engage multiple brokers and only pays a commission to the broker who successfully finds a buyer. An exclusive agency listing permits one broker to represent the seller, but the seller retains the right to sell the property themselves without paying a commission, should they do so. A net listing typically involves setting a minimum price the seller wishes to receive, with the broker retaining any amount over that price as commission, but it doesn't inherently provide exclusive rights to sell in the same way.

Therefore, the exclusive right-to-sell listing stands out as the most comprehensive and binding type of agreement for brokers, ensuring