What is unique about an Exclusive Agency Listing Agreement?

An Exclusive Agency Listing Agreement is unique because it allows the seller the right to sell the property themselves without incurring a commission obligation to the broker if they successfully find a buyer. This distinguishes it from other types of listing agreements, such as an exclusive right-to-sell agreement, where the broker earns a commission regardless of who sells the property. In an Exclusive Agency Listing, the broker is granted the exclusive right to market the property, but the seller retains the ability to sell it on their own without paying the broker's commission, creating an incentive for the seller to actively participate in the sale process.

The other options do not accurately describe the nature of this agreement. For instance, while the broker does have authority over marketing, they do not have exclusive rights to sell if the seller decides to sell independently. Therefore, the uniqueness of the Exclusive Agency Listing Agreement lies primarily in the seller's opportunity to avoid commission fees if they find the buyer themselves.