What is an exclusive agency listing?

An exclusive agency listing allows the property owner to sell the property themselves without incurring a commission fee to the agent, provided that they are the ones who complete the sale. This type of listing is advantageous for homeowners who want the flexibility of selling their property independently while still granting an agent the right to market it. If the agent brings a buyer and the property sells through their efforts, the homeowner would need to pay the agreed commission to the agent. This structure creates a balance between the homeowner's desire to save on commissions and the agent's potential for earning fees from sales they facilitate.

In contrast, other types of listings, such as exclusive right to sell listings, require payment of commission regardless of who sells the property. The nature of an exclusive agency listing emphasizes both opportunity for the homeowner to engage directly in selling while still allowing for professional marketing and support from an agent.