What is the meaning of Listing Type - Exclusive Agency?
The term "Exclusive Agency Listing" refers to a specific type of real estate listing agreement between a property owner (seller) and a real estate broker. This agreement means the real estate agent will work exclusively to sell your property. If they find a buyer or if another agent helps you sell it, you'll pay a commission. However, if you sell it yourself, you won't owe the agent anything.
The terms of the Exclusive Agency Listing agreement, including the duration of the listing, the commission rate, and any specific marketing strategies are negotiated between the property owner and the broker.
Houzeo offers sellers the option of an Exclusive Agency listing agreement, which allows them to retain the right to sell their property independently without incurring a commission. This can result in substantial cost savings for the seller.