What is an exclusive right-to-sell agreement?

In North Carolina property law, an exclusive right-to-sell agreement is a contract between a property owner and a real estate broker which gives the broker the exclusive right to sell or lease the property. This agreement is beneficial to the property owner because it gives them the assurance that the broker will do their best to list and market the property, and handle all of the negotiations and paperwork involved in a real estate transaction. In an exclusive right-to-sell agreement, the broker typically receives a commission when the property is sold. This commission is usually paid out immediately and does not depend on the sale. The agreement usually lasts for a set period of time, such as six months, and if the property is sold during that time, the broker will receive their commission regardless of who made the sale. The exclusive right-to-sell agreement helps ensure that the broker is motivated to work hard to sell the property, since they will be the only one to receive their commission. This agreement also gives the property owner the peace of mind that their broker is doing everything they can to find a buyer for the property and handle all aspects of the sale.

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What is an exclusive right-to-sell agreement?

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