Employment contract giving only one broker for a specified time, the right to sell the property and also allowing the owner alone to sell the property without paying a commission.
A listing contract in which the agent has the sole right to sell your home for you, though you are not bound to pay the commission if you produce the buyer. See listing agreements.
A listing contract under which the owner appoints a real estate broker as his or her exclusive agent for a designated period of time to sell the property, on the owner's stated terms, for a commission. The owner reserves the right to sell without paying anyone a commission if he or she sells to a prospect who has not been introduced or claimed by the broker.