whats the difference between an exclusive agency agreement and an exclusive right to sell
EXCLUSIVE AGENCY. In an Exclusive Agency arrangement, the seller agrees to pay a fee or commission to the listing broker IF the property is sold through the efforts of any real estate broker. However, the seller retains the right to sell the property him/herself.
The EXCLUSIVE RIGHT TO SELL listing agreement requires the Seller to pay the Listing Broker a commission no matter who finds the buyer/tenant. The listing broker will earn a commission if the listing agency, buyer agency or even if the seller finds the buy. Please refer to the Definitions available in TREND's Rules and Regulations.