In an Exclusive Agency listing, what privilege does the seller retain?

In an Exclusive Agency listing, what privilege does the seller retain?

• A. Broker receives commission regardless
• B. Seller can sell on their own without paying a commission
• C. Listing is available to multiple brokers
• D. Agent retains ownership of the listing

Answer: (B)

In an Exclusive Agency listing, the seller retains the privilege to sell the property on their own without having to pay a commission to the broker. This arrangement means that while the broker has the exclusive right to market the property and earn a commission if they facilitate a sale, the seller is still able to pursue selling the property independently. If the seller successfully finds a buyer without the broker's assistance, they do not owe any commission to the broker. This feature distinguishes Exclusive Agency listings from Exclusive Right to Sell listings, where the broker would earn a commission regardless of who sells the property. The flexibility of retaining the option to sell independently is an important aspect of the Exclusive Agency agreement that can appeal to sellers who are confident in their ability to market their property themselves.

In an Exclusive Agency listing, the seller retains the privilege to sell the property on their own without having to pay a commission to the broker. This arrangement means that while the broker has the exclusive right to market the property and earn a commission if they facilitate a sale, the seller is still able to pursue selling the property independently. If the seller successfully finds a buyer without the broker's assistance, they do not owe any commission to the broker. This feature distinguishes Exclusive Agency listings from Exclusive Right to Sell listings, where the broker would earn a commission regardless of who sells the property. The flexibility of retaining the option to sell independently is an important aspect of the Exclusive Agency agreement that can appeal to sellers who are confident in their ability to market their property themselves.