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

The exclusive right to sell listing is a contract between a property owner and a real estate broker that gives the broker the sole and exclusive right to market and sell the property. Under this arrangement, the broker is entitled to a commission regardless of who sells the property, whether it's the broker, another agent, or even the owner themselves. This type of listing provides strong incentives for the broker to actively promote the property since they are assured of receiving a commission for their efforts.

The structure of this listing fosters a focused approach to marketing the property, as the broker knows that they have exclusive control over the sale process. This can lead to a more thorough and professional representation of the property in the real estate market, benefiting the seller.

Other types of listings, such as open listings, allow multiple brokers to market the property without exclusive rights, leading to less motivation for any one broker to invest substantial resources in marketing. An exclusive agency listing with protection has conditions that may reduce the broker's compensation if the seller finds a buyer independently. Lastly, a dual agency listing involves representing both the buyer and seller in a single transaction, which does not pertain to the exclusive rights to sell a property.