Definitions for "Exclusive Agency"
Listing agreement in which only the listing office may sell the property and earn the commission. If the owner sells the house, the listing office would not receive any commission.
An agreement between a property owner and a real estate agent that gives the agent the right to sell the property within a specified period of time while allowing the owner the right to sell the home without paying a commission.
An arrangement with one agent that property shall be listed with him and not any other agent; does not prevent owner himself from selling without paying commission.