real estate

Exclusive-right-to-sell listing

A listing contract in which the owner appoints a real estate broker as his or her exclusive agent for a designated period of time to sell the property on the owner's stated terms and agrees to pay the broker a commission when the property is sold, regardless of whether the property is sold by the broker, the owner, or another broker. The appointment of the real estate broker as the owner's exclusive agent lasts for the duration of the listing contract.