Exclusive Agency definition

Exclusive Agency listing means that if you, the owner of the property, find a buyer, you will not have to pay a commission to the broker, however, if another broker finds a buyer, you will owe a commission to both the selling broker and your present broker.

Exclusive Agency. The exclusive agency right to sell, trade, convey, or exchange the Property during the Listing Period in accordance with the terms and conditions set forth in this Agreement. The Seller hereby appoints the Agency as the exclusive agent and to represent the Seller as their client ONLY if a potential Buyer is produced by the Agency. The Seller retains the right to sell the Property directly, on their own behalf, with no commission due to the Agency. ☐

Exclusive Agency listing means that if you, the OWNER of a property, find a buyer, you will not have to pay a commission to the BROKER. However, if another BROKER finds a buyer, you will owe a commission to both the selling BROKER and your present BROKER.

Examples of Exclusive Agency in a sentence

• Participants may select the listings they choose to display on their IDX sites based only on objective criteria including, but not limited to, factors such as geography, list price, type of property, cooperative compensation offered by listing brokers, type of listing (e.g. Exclusive Right to Sell or Exclusive Agency) or the level of service being provided by the listing firm.

• Participants should take note of the broad scope of Alabama Real Estate Commission Rule 790-X-3-.13 (Agency/Broker Services Disclosure) and should provide the Real Estate Brokerage Services Disclosure form in all circumstances where the Participant enters into an Exclusive Agency agreement, “one time showing” agreement, or any other limited-service agreement.

• In the 1980s and 1990s, several local MLS boards banned Exclusive Agency Listings from the MLS entirely.

• This listing agreement is not acceptable for publication by HGMLS unless and until the Owner(s) has duly signed this agreement and an acknowledgment reflecting receipt of the definitions of "Exclusive Right to Sell" and "Exclusive Agency" required by the New York State Department of State - Division of Licensing Services.

• Except for Business Opportunities and Commercial (Sale or Lease) listing types, only Listings taken using Exclusive Right to Sell Listing and Exclusive Agency Listing contracts are accepted by ARMLS.

• Listings of real or personal property of the following types, which are listed subject to a real estate broker’s license, and are located within the Baldwin County multiple listing service, and are taken by participants on Exclusive Right To Sell or Exclusive Agency Listing Form which includes the seller’s written authorization to submit the agreement to the MLS shall be delivered to the multiple listing service within 3 business days after all necessary signatures of sellers.

• Listings of the following types of property located within the Service’s Service Area as defined in its Certificate of Incorporation taken by Participants on an Exclusive Right to Sell/Rent or Exclusive Agency to Sell/Rent Listing contract shall, in accordance with these Rules and Regulations, be input into the Service System within forty-eight (48) hours after all necessary signatures of Seller(s) and Participant, or his/her authorized agent, have been obtained.

• The two most common types of agreements governing listings are Exclusive Right to Sell Listings and Exclusive Agency Listings.

• Form 1B Exclusive Agency Sale and Listing Agreement and paragraph (d) of the Washington State purchase agreement require Seller to have marketable title.

• The MLS has the right to request the listing agreement to determine if it is a valid Exclusive Agency or Exclusive Right to Sell listing and that the listing conforms to Louisiana State Law, L.S.A. R.S. 9:3891(1), with regard to agency.

More Definitions of Exclusive Agency

Exclusive Agency. The Owner hereby appoints Broker to rent the property known as: From: to: . All inquiries for any lease shall be referred to Leasing Broker, and all negotiations connected therewith shall be conducted solely by or at the discretion of the Leasing Broker.

Exclusive Agency. An exclusive agency listing is one in which the Owner agrees not to list the Property with any other Broker and a commission is payable to Broker if Broker or any other broker successfully produces a ready, willing and able buyer, and, if Owner successfully sells the property to a buyer, no commission is payable to Broker; (b) Open: An open listing is one in which the Owner may list the Property with any other Broker and a commission is payable to Broker only in the event that Xxxxxx successfully produces a ready, willing and able buyer for the property. If anyone other than Broker, including Owner, produces a ready, willing and able buyer for the property, no commission is payable to Broker.

Exclusive Agency an express written agreement between a person and a brokerage wherein the brokerage agrees to exclusively represent as an agent the interests of the person in a real estate transaction. Such agreements include buyer agency, seller agency, designated agency, [and subagency agreements.] subagency and residential property management.

Exclusive Agency listing means that if you, the owner of the property find a buyer, you will not have to pay a commission to the broker. However, if another broker finds a buyer, you will owe a commission to both the selling broker and your present broker.” 1. Violation of the Rules and Regulations of the Multiple Listing Service and therefore, the potential to be fined. 2. The potential to be charged with incompetency and untrustworthiness for failure to comply with DOS Regulations and New York State Law.

Exclusive Agency listing means that if you, the owner of the property, find a Tenant, you will not have to pay a commission to the broker. However, if another broker finds a Tenant, you will owe a commission to both the cooperating broker and your present broker.

Exclusive Agency means a form of agency whereby within a specified geographical area a principal only authorizes one sole agent to sell or purchase one or a number of specified lines of goods, or to provide one or a number of specified types of services.