What is an Exclusive Listing?
- TOCR Real Estate School
- Apr 3, 2023
- 1 min read
An exclusive listing is an agreement between a seller and a specific real estate agent wherein the agent earns commission by finding a buyer in the agreed-upon period of time. This is opposed to an open listing, wherein agents compete with one another to find the best buyer with no guarantee of earning commission.
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An exclusive listing is a contract between a seller and a certain real estate agent, under which the agent gets paid a commission if and when the seller finds a buyer within the predetermined time frame.
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An exclusive listing is a contract between a seller and a particular real estate agent, under which the agent is paid a fee if and when the seller finds a buyer within the predetermined time frame. The opposite of an open post is this.
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In contrast, with an open listing, brokers compete to locate the best buyer without any assurance of receiving a commission.
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