exclusive agency agreement real estate

when a real estate seller signs an exclusive right-to-sell agreement, the broker, agent, or another representative of the seller is entitled to receive a commission from the sale even if that person does not actually procure the buyer. in this type of contract, the seller is allowed to name certain people or entities as exemptions, so that if that person or entity purchases the property, the listing agent is not entitled to a commission. in this type of agreement, the listing broker serves as the real estate seller’s agent or representative. if the seller is acquired in another way, such as by the marketing efforts of the seller, the agent is not due a commission.