What is the difference between exclusive right to sell and exclusive agency?

Exclusive right to sell and exclusive agency are two types of listings available to real estate agents and homeowners when selling residential property in Delaware. Exclusive right to sell is a listing agreement where the homeowner gives exclusive rights to the listing agent for a predetermined amount of time. The agent will receive a commission regardless of how the property is sold. This provides the homeowner with certain protection, as the agent will bear the responsibility for any legal costs associated with the sale of the property. Exclusive agency is similar to exclusive right to sell, however, the homeowner maintains the right to sell the property on their own, without paying any commission to the agent. In this case, the homeowner is responsible for any legal fees associated with the sale of the property. Both exclusive right to sell and exclusive agency are beneficial for the listing agent, as the agent will receive a commission from the sale of the property. Both agreements also ensure that the homeowner is protected from any legal costs associated with the sale of the property. The primary difference between the two is that in exclusive right to sell the agent is guaranteed a commission regardless of how the property is sold, while in exclusive agency the homeowner can opt to sell the property without paying a commission to the agent.

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What is the difference between exclusive right to sell and exclusive agency?

What is the difference between exclusive right to sell and exclusive agency?

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