We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is an Exclusive Listing?

Mary McMahon
By
Updated Jan 28, 2024
Our promise to you
WiseGeek is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At WiseGeek, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject-matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

An exclusive listing is a type of real estate listing in which a particular real estate agent or broker is given the exclusive right to handle the sale. When people want to list homes for sale, they are usually encouraged to opt for an exclusive listing, because this type of listing provides an incentive for a real estate agent to heavily promote a property in exchange for the commission. Typically, such listings expire after a set period of time, usually three months.

In an exclusive right to sell listing, the real estate agent or broker receives a commission for the sale no matter how it happens. Ideally, he or she will be directly involved in the sale, but if the seller finds a buyer independently of the agency, or a buyer's agent approaches the seller, the seller's agent will still get a commission. Most agents prefer this, because it allows them greater control, and it provides a major incentive for getting the property sold, as they stand to gain a commission.

Exclusive agency listings, on the other hand, allow the seller to work with a buyer independently without paying a commission to the seller's agent. This type of exclusive listing tends to be less common, as the real estate agent has less control. In addition, the agent has less of an incentive to promote the property and get it sold, as he or she may not always be able to access a commission.

Once an exclusive listing expires, the seller may opt to continue with the same agent, or choose to take his or her business elsewhere. Sellers should think about this when selecting an agent to list with, as many agents specialize in specific types of property, and one property will not fit all agents. A commercial property, for example, shouldn't be listed with an agent who tends to focus on single family homes, while a unique property such as a luxury estate would best be served by a real estate agent who has a proved track record with such properties.

When signing a contract to list real estate for sale, sellers should make sure that they read the terms very carefully. The terms should specifically spell out whether or not the listing is exclusive, and the details of the exclusive listing. In addition, a clear expiration date should be provided for the listing, along with information about the selling agent's commission. Sellers may want to consider hiring a real estate lawyer to review a contract to confirm that it is in their best interests.

WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Mary McMahon
By Mary McMahon

Ever since she began contributing to the site several years ago, Mary has embraced the exciting challenge of being a WiseGeek researcher and writer. Mary has a liberal arts degree from Goddard College and spends her free time reading, cooking, and exploring the great outdoors.

Discussion Comments
Mary McMahon
Mary McMahon

Ever since she began contributing to the site several years ago, Mary has embraced the exciting challenge of being a...

Learn more
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.