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What is an Exclusive Agency Listing Agreement?

April 26, 2017agency Agreement exclusive listing

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What is an Exclusive Agency Listing Agreement?

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A listing agreement in which the owner contracts with a real estate professional as the one exclusive agent for a certain period of time to sell the property. The terms of the agreement include the compensation arrangements and any owner terms. Still, the owner has the right to sell the property without compensation to a prospect not introduced or claimed by the real estate agent.