Exclusive Agency Agreement
/ɪkˈskluːsɪv ˈeɪdʒənsi əˈɡriːmənt/
Definitions
- (n.) A contract granting an agent the exclusive right to represent a principal in a transaction, but allowing the principal to engage in the transaction independently without owing commission to the agent.
The seller signed an exclusive agency agreement with the real estate broker, reserving the right to sell the property herself.
Forms
- exclusive agency agreement
- exclusive agency agreements
Related terms
See also
Commentary
Distinct from exclusive right to sell agreements, exclusive agency agreements allow the principal to sell independently without paying commission, which should be clearly stipulated to avoid misunderstandings.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.