What is the primary distinction between exclusive agency and exclusive right to sell listings?

The primary distinction between exclusive agency and exclusive right to sell listings lies in the rights retained by the seller. In an exclusive agency listing, the seller retains the right to sell the property independently without incurring a commission obligation to the agent if they find a buyer on their own. This means that while the agent has the authority to market the property and secure a sale, the seller still has the flexibility to engage with buyers directly, allowing them to avoid paying a commission if they successfully close the sale independently.

In contrast, an exclusive right to sell listing ensures that regardless of who finds the buyer—be it the seller themselves or the real estate agent—the agent is guaranteed a commission. This type of agreement provides the agent with more security and motivation to market the property effectively since they will get paid no matter how the sale occurs.

Understanding this distinction is important for both sellers and real estate professionals, as it affects how they approach the sale process and commission structures.