The answer is the exclusive right to sell agreement.
When dealing with an agent, you will have a few listing alternatives when deciding to sell your home.
The exclusive right to sell listing is one of the most common choices. A real estate agent or broker and you simply enter into an exclusive contract giving them the sole authority to sell and advertise your house.
This means that while your agreement is in effect, you are unable to work with another broker or agent.
As long as the exclusive right to sell agreement is in force, the seller must pay the real estate agent a commission regardless of who ultimately sells the property.
Hence, when a broker has a listing agreement wherein she is paid an agreed-upon fee or commission regardless of who sells the property. This type of listing agreement is an exclusive right to sell agreement.
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