Which of the following best defines an exclusive right-to-sell listing?

An exclusive right-to-sell listing is defined as a contractual arrangement in which a property owner grants a single broker the exclusive right to market and sell their property. This means that regardless of who finds the buyer—whether it’s the broker, the seller themselves, or another agent—the designated broker will receive the agreed-upon commission if the property is sold during the listing period. This type of listing provides a high level of motivation for the broker to invest time and resources into effectively marketing the property, as they are guaranteed compensation for their efforts if a sale occurs.

Understanding the nature of exclusive right-to-sell listings is essential for both sellers and brokers. Sellers benefit from a focused marketing strategy and the broker's commitment, while brokers are encouraged to exert maximum efforts to promote the property, knowing their commission is protected. This arrangement contrasts with other listing types, such as open listings or exclusive agency listings, where different rules apply regarding commissions and broker involvement.