Exclusive right to sell
The most common listing agreement. The listing brokerage earns the commission no matter who finds the buyer, even the seller.
Also called: exclusive listing, ERTS, exclusive agency
Related terms
The contract between a seller and a brokerage to sell a home. It sets the price, the commission, how long it lasts and what the agent will do.
A home marketed privately by an agent instead of being put on the MLS. It limits exposure, and many MLSs restrict it under rules like Clear Cooperation.
A home the owner is selling without a listing agent. The seller handles pricing, marketing, and paperwork, though buyers may still use their own agent.
What agents are paid when a deal closes, usually a percent of the sale price. It's always negotiable. It goes to the brokerage, which pays the agent their share.