What distinguishes an Exclusive Agency Listing from an Exclusive Right to Sell Listing?

The distinction between an Exclusive Agency Listing and an Exclusive Right to Sell Listing primarily revolves around the seller's ability to sell the property independently without incurring a commission to the broker. In an Exclusive Agency Listing, the seller retains the right to sell the property themselves. If the seller finds a buyer without the broker's assistance, they do not owe the broker any commission. This arrangement incentivizes the seller to find a buyer on their own while still providing the broker the opportunity to market the property.

In contrast, in an Exclusive Right to Sell Listing, the broker holds the exclusive right to earn a commission, regardless of whether the seller sells the property themselves or not. This type of listing typically results in a higher level of commitment from the broker, as they are assured of receiving payment for their efforts.

The other options presented do not accurately reflect the primary difference between these two types of listings. Exclusive Right to Sell involves a single agent rather than multiple brokers, does not inherently require a higher commission than Exclusive Agency listings, and can be revoked by the seller under certain circumstances, just like any other listing agreement. Understanding this key distinction helps clarify the level of engagement and obligation between the seller and the broker in each listing type.