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Exclusive Listing Agreement

Understand exclusive listing agreements in Canadian real estate — what they are, their benefits, and how they differ from other listing agreements.

Exclusive Listing Agreement

August 08, 2025


What is an Exclusive Listing Agreement?

An exclusive listing agreement is a contract granting a real estate broker the sole right to market and sell a property for a specified period.

Why Exclusive Listing Agreements Matter in Real Estate

In Canadian real estate, exclusive listing agreements incentivize brokers to invest in marketing since they are guaranteed a commission if the property sells during the term.



Key points:
  • Broker earns commission regardless of who finds the buyer
  • Typically includes a detailed marketing strategy
  • Provides sellers with a single point of contact



Understanding exclusive listing agreements helps sellers choose the best arrangement for their goals.

Example of an Exclusive Listing Agreement in Action

The homeowner signed an exclusive listing agreement with a broker to ensure a committed marketing effort.

Key Takeaways

  • Grants one broker exclusive rights to market property
  • Commission payable regardless of who secures the buyer
  • Encourages robust marketing and sales efforts
  • Reduces confusion from multiple brokers
  • Must clearly define terms and duration

Related Terms

Additional Terms

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Mortgagee in Possession

A mortgagee in possession is a lender who takes control of a property after borrower default, but before foreclosure or power of sale. The lender. more

Lease Surrender Agreement

A lease surrender agreement is a negotiated contract between a landlord and tenant that ends a lease before its scheduled expiration. Terms may. more

Green Infrastructure

Green infrastructure refers to natural or engineered systems that manage stormwater, reduce heat, and improve sustainability in developments.. more

Escrow Holdback

An escrow holdback is a portion of funds withheld at closing and held in escrow until specific conditions are met, such as completion of repairs,. more

Underused Housing Tax

The Underused Housing Tax (UHT) is a federal annual 1% tax on the value of vacant or underused residential property owned by non-resident,. more

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