Definition
This clause gives one agent or brokerage the exclusive right to sell the property and receive commission—even if you sell it yourself. It's standard in listing agreements.
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An exclusive right to sell clause is standard in most listing agreements and ensures that the listing agent receives compensation regardless of whether they directly produce the buyer. This incentivizes the agent to market the property actively. If the seller sells the property themselves during the listing term, the agent may still be entitled to compensation under this clause. The exclusive period typically lasts until the agreement expires unless terminated earlier.
Pro Tip
Understand exclusive right clauses—you may owe commission even for sales you arrange.
Example
The exclusive right to sell agreement entitled the listing agent to 3% commission even if the seller found the buyer.