With an exclusive-right-of-sale listing, a seller lists property with only one broker.
The seller agrees to pay that broker a commission if the property is sold during the listing period, no matter who sells the property.
Exclusive-right-of-sale listings are the most widely used type of listing.
The obvious advantage to the broker is the guarantee of compensation if the property is sold. The owner also benefits because the broker works harder and spends more time and money marketing the property.
Only exclusive-right-of-sale and exclusive agency listings may be placed into the multiple listing service (MLS®). No single broker controls open listings, so they may not be entered into the system.