Exclusive Agency Listing
An exclusive agency listing appoints one listing broker while reserving the seller’s right to find a buyer independently without owing that broker a commission.
🎬 Video Explanation
Exam Tip
Exclusive agency reserves the seller’s independent-sale exception. Check the agreement if another broker procures the buyer.
How the seller’s exception works
An exclusive agency listing reserves the owner’s independent-sale exception. If a broker procures the buyer and the agreement’s compensation terms are met, the listing broker may earn compensation even when a cooperating broker found the buyer. Read any exclusions, duration and protection provisions in the agreement.
Under an exclusive right-to-sell listing, an owner-procured sale during the term normally triggers the agreed compensation. An open listing allows the seller to authorize multiple competing brokers.
Study This Term In
Course Playlist101 videosCourse Playlist57 videosCourse Playlist56 videosVideos147 videosBlogs87 blogs RadioThird-party resources · We may earn a commission from purchases.
PSI Real Estate Exam Prep 2025-2026 - 3 Full-Length Practice Tests, Secrets Study Guide for the PSI National License: [3rd Edition]
By Matthew Bowling
$32.99 · 
Flashcards on Mometrix
Take courses on Udemy
Pre-licensing on ColibriRelated Terms
Exclusive Right to Sell Listing
An exclusive right-to-sell listing generally provides for the listing broker’s compensation when the property sells during the listing term, whoever procures the buyer.
Open Listing
An open listing lets a seller authorize one or more brokers on a nonexclusive basis. Compensation generally goes to the broker who procures a buyer under the listing terms.
Your AI study companion · 10 free interactions a day
Stay Updated
Get free exam tips and study guides delivered to your inbox.