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Exclusive Listing

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With an exclusive agency listing, one broker is authorized to act as the exclusive agent for the seller. The seller retains the right to sell the property, without obligation to the broker. However, the seller is obligated to pay a commission to the broker if the broker is the procuring cause of the sale.

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In an “exclusive agency” agreement, the listing broker receives payment if any broker finds the buyer, but does not receive payment if the seller finds the buyer.

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