What type of listing allows a seller to sell their property but grants exclusive rights to a broker for named prospects?

The type of listing that allows a seller to sell their property while granting exclusive rights to a broker for specific named prospects is the Exclusive Agency Listing. This arrangement means that the seller retains the right to sell the property independently, but if a buyer who was introduced to the property through the broker purchases the property, the broker is entitled to a commission.

This type of listing strikes a balance between providing the broker with an opportunity to earn a commission on sales to designated prospects while allowing the seller the flexibility to market the property on their own terms. It encourages both the seller and the broker to work together toward the common goal of selling the property, but the broker’s commission is contingent upon the involvement of those named prospects.

An Exclusive Right-to-Sell Listing, on the other hand, grants the broker the sole right to sell the property regardless of who finds a buyer, meaning the seller would still owe the broker a commission even if they sell it themselves. This means that the Exclusive Right-to-Sell is a more restrictive agreement compared to the Exclusive Agency Listing.

Net Listing is a different structure entirely, where the broker receives any amount over a specified price as commission, and it can involve significant negotiation complexity. Lastly, an Open Listing allows multiple brokers to market the