Which legal agreement guarantees a broker receives a commission regardless of the buyer's source?

The Exclusive Right to Sell Agreement is a legal contract that ensures the broker earns a commission on the sale of a property, regardless of whether the buyer is introduced by the broker or comes from another source. This agreement gives the broker exclusive rights to represent the seller, which means that even if the seller finds a buyer independently or through a different agent, the broker is still entitled to receive the agreed-upon commission. This type of agreement provides the broker with a strong incentive to market the property actively and to ensure a successful sale, as their payment is guaranteed as long as the property sells during the agreement's term.

In contrast, other types of agreements like the Exclusive Agency Agreement allow the seller to find a buyer themselves without owing a commission to the broker if they do so, while an Open Listing does not grant exclusive rights to any broker, making it possible for numerous agents to list the property without guaranteeing a commission to any of them. The Buyer Agency Contract typically focuses on representing the buyer and does not address the commission structure in the context of selling a property. Thus, the Exclusive Right to Sell Agreement is distinctive in its assurance of commission entitlement for the broker.