What is an exclusive right-to-sell agreement?

An exclusive right-to-sell agreement is a type of contract that grants a real estate broker the exclusive right to market and sell a piece of property. This agreement is usually between a homeowner or property owner and a broker, and it grants the broker the exclusive right to offer a property for sale and receive a commission if the property is sold during a specified period of time. The exclusive right-to-sell agreement is predominately used in California and is the most widely used type of listing agreement. It is common among almost all types of real estate transactions in California, including residential, commercial, and industrial properties. In California, the exclusive right-to-sell contract comes with a few important conditions, such as: the broker has the exclusive right to offer the property for sale, the broker may not enter into a contract or receive any commission from the sale of the property without the owner’s permission, the owner pays the commission earned by the broker if the property is sold within the specified period of time, and the broker must act as a diligent agent for the owner in their effort to market the property. Overall, an exclusive right-to-sell agreement is an important contract for both the homeowner or property owner and the real estate broker in California. It provides both parties with the security and certainty of knowing that the broker has the exclusive rights to market and sell the property, while at the same time ensuring that the broker receives the commission they are due if the property is sold.

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What is an exclusive right-to-sell agreement?

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