Exclusive Agency Listing

Definition: An exclusive agency listing appoints one listing brokerage while generally reserving the owner's ability to sell independently without owing that brokerage a commission.

Example

The owner finds a buyer without broker involvement, and the agreement's independent-sale exception applies.

Keep the distinction clear

An exclusive right of sale usually does not preserve that same owner-sale exception. Read the agreement for protected prospects and other compensation provisions.

Related terms

Listing Agreement · Exclusive Right of Sale Listing · Open Listing

Keep studying

Open Listing vs. Exclusive Agency vs. Exclusive Right of Sale

References: California DRE: real estate glossary

Pronunciation (US): ik-SKLOO-siv AY-juhn-see LIS-ting (capitals show stress)

Pronunciation reference: Merriam-Webster