What does an exclusive right to sell listing mean?

• A. The listing broker has exclusive right to sell the property for a specified period
• B. The seller may only work with one broker but without paying commissions
• C. The property must be sold at auction
• D. The buyer must approve the listing before selling

Answer: (A)

An exclusive right to sell listing means the listing broker has the sole right to market and sell the property for a defined period, and the broker earns a commission no matter who brings the buyer, as long as the sale occurs during that term. This arrangement protects the broker’s efforts—advertising, showings, negotiations—because their commission is guaranteed if the property sells in the listing period.

That’s why the option stating the listing broker has exclusive right to sell the property for a specified period is the best description. The other ideas don’t fit: this type isn’t about one broker without commissions, it isn’t about auctions, and it isn’t about buyer approval.