What is an exclusive right-to-sell agreement?

An exclusive right-to-sell agreement is a contract between a seller and a real estate broker in Florida. This agreement gives the real estate broker the exclusive right to find a buyer and handle the sale of the seller’s property. The seller agrees to pay a commission to the broker for successfully selling the property and the broker agrees to try and find a buyer within a certain time period. The real estate broker is the only one with the authority to list the property and find a buyer. The seller agrees to pay the commission regardless of whether the broker finds a buyer or if the seller sells the property themselves or with the help of another broker. The real estate broker will work hard to find a buyer during the exclusive period so that they can earn the commission from the sale. The exclusive right-to-sell agreement can be beneficial for both the seller and the broker. The seller does not have to look for buyers and the broker is guaranteed the commission if they successfully find a buyer. It can be helpful if the seller is not familiar with the real estate market and needs assistance in selling the property. The exclusive right-to-sell agreement is an agreement between the seller and the broker which is legally binding in Florida.

Related FAQs

What is a court ordered partition?
What is the Statute of Limitations for filing a property lawsuit?
What is an implied covenant?
How is property legally defined?
What is a prescriptive easement?
What is necessary to establish an equitable easement?
What is a servitude?
What is an encroachments clause?
What is title insurance?
What is an estoppel certificate?

What is an exclusive right-to-sell agreement?

Related FAQs

Related Blog Posts