Real Estate Term of the Day: Exclusive Right-to-Sell Listing

Real Estate Term of the Day: Exclusive Right-to-Sell Listing

EXCLUSIVE RIGHT-TO-SELL LISTING – employment contract giving the BROKER the right to collect a COMMISSION if the property is sold by anyone, including the owner, during the term of the agreement (Barron’s Dictionary of Real Estate Terms)

The Exclusive Right-to-Sell Listing agreement will layout the entire agreement between both broker and seller, including:

  • The brokerage duties of the agent to the seller
  • Seller’s obligations to the broker
  • Defined time frame of the agreement
  • Type of relationship (seller’s agency or transaction broker)
  • Form & amount of compensation for the broker
  • Agreement to place the home in the MLS & other internet sites
  • Price & terms of the listing
  • Inclusions & exclusions of the sale
  • HOA assessments
  • and much more…

See also: Colorado Real Estate Commission Exclusive Right-to-Sell Listing Contract

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