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

Exclusive right to sell and exclusive agency are two different types of agreements between a real estate agent and seller of a property in Iowa. Exclusive right to sell is an agreement where the agent is given the exclusive right to sell a property for a specified period of time and the seller must pay the commission even if the seller finds a buyer for the property before the agreement ends. With exclusive agency, the agent is the only one who can market the property on behalf of the seller, but the seller can find a buyer without the agent and not owe a commission. Exclusive right to sell is the most common agreement between a real estate agent and seller in Iowa. It gives the agent the exclusive right to market and sell the property for a specified period of time and the seller must pay the commission to the agent even if the seller finds a buyer before the agreement ends. This type of agreement ensures that the agent will be compensated and incentivizes the agent to aggressively market the property without being worried that the seller will find a buyer on their own. Exclusive agency is a less common type of agreement in Iowa between a real estate agent and seller of the property. It still gives the agent the exclusive right to market the property, but the seller has the option of finding the buyer without the agent and not owe a commission. The agreement is typically used between a seller and agent if the seller is looking to save money and willing to take the risk of trying to find a buyer on their own.

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

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