Under an exclusive agency agreement, however, the listing broker is the only, or exclusive, broker entitled to a commission. In addition, the seller has the right to sell the property on his own when no commission is paid. Bruck said she has never used an exclusive agency agreement, although she said some agents might use it. But before you start dialing your real estate agent to demand to know why you weren't give the opportunity to sign an exclusive agency listing, read on. Exclusive agency listings may not be in your best interest, the study said.
Brokers are reluctant to take an exclusive agency listing and less willing to promote the home.
After all, they could spend hundreds of dollars promoting your home and then lose out on a commission if you sell the home yourself. In addition, most Multiple Listing Service systems require that exclusive agency listings be so designated. Once other real estate agents see that a home is being marketed under an exclusive agency listing, they are loathe to show it to potential buyers because their efforts may not result in a commission. Even the Florida Attorney General includes information on its Web site advising sellers that they might not get the highest level of service under an exclusive agency agreement. To return to quote unquote click here.