What type of listing agreement ensures the listing broker is paid regardless of who finds the buyer?

The exclusive right of sale listing is a type of agreement where the listing broker is guaranteed to receive a commission upon the sale of the property, regardless of who ultimately finds the buyer. This means that if the property sells, the broker will be compensated irrespective of whether they, another broker, or the seller themselves is responsible for bringing the buyer to the table.

This type of listing is beneficial for brokers since it provides them with a stronger incentive to market the property effectively. It also offers the seller a dedicated effort from the broker, as the broker is assured of a commission upon sale. This creates a professional responsibility for the broker to maximize exposure and drive sales.

In contrast, other types of listing agreements, such as open listings, net listings, and exclusive agency listings, do not guarantee that the broker will be paid if another party finds the buyer. For example, in an open listing, multiple agents can be involved, and usually, only the agent who brings the buyer earns the commission. Therefore, the exclusive right of sale listing is unique in its guarantee of commission to the broker, making it a secure and attractive choice for agents.