What function does an exclusive right-to-sell listing serve?

An exclusive right-to-sell listing is a type of agreement in real estate that grants a specific broker the sole authority to market the property and earn a commission from the sale, regardless of who actually finds the buyer. This means that even if the property owner sells the property themselves or if another broker assists in the transaction, the listing broker is entitled to their commission due to the exclusive agreement established.

This type of listing is beneficial for both the broker and the property owner; the broker is assured compensation for their marketing efforts, while the owner gains a dedicated professional working to sell their property effectively. It creates a strong incentive for the broker to invest time and resources into selling the property.

In contrast to other options, the right-to-sell listing does not allow multiple agents to sell the property simultaneously, as that would be characteristic of an open listing instead. It is also not a lease agreement and does not guarantee a sale within a specific timeframe; rather, it enables the broker to work diligently until the property is sold.