What does an "exclusive right to sell" listing signify in real estate?

An "exclusive right to sell" listing is a type of listing agreement that authorizes only one broker to represent the seller in the sale of their property. This means that no matter who finds a buyer for the property—whether it is the listing broker, a cooperating broker, or even the seller themselves—the listing broker is entitled to receive the agreed-upon commission. This arrangement provides the broker with a strong incentive to market the property effectively and find a buyer, as they are guaranteed compensation for their efforts.

In contrast, other listing types may allow for multiple brokers to be involved or may result in no commission being payable to any broker, which is not the case with an exclusive right to sell agreement. This clarity of responsibility and commission structure is what makes the exclusive right to sell a popular choice among sellers seeking to ensure that their property is marketed efficiently and effectively.