What type of listing gives a broker exclusive rights to market a property for a specified period?

The exclusive right to sell listing agreement is a type of contract that provides a broker with the exclusive authority to market a property for a predetermined duration. This means that the broker is the only agent responsible for selling the property, and they earn a commission regardless of who finds the buyer, whether it's the broker, the owner, or another agent. This type of listing is advantageous for both the broker and the seller, as it incentivizes the broker to invest time and resources into marketing the property effectively, knowing they will receive compensation for their efforts.

In contrast, an open listing allows multiple brokers to market the property, meaning that only the broker who finds a buyer earns a commission. A net listing involves the seller setting a minimum acceptable price, with any amount above that going to the broker as commission, which can sometimes lead to conflict of interest. Exclusive agency listings grant the broker exclusive rights to sell the property, but the seller retains the right to sell it independently without paying a commission, making it less secure for the broker compared to the exclusive right to sell agreement.