Definition: A written agreement given to one real estate broker as the sole agent for the sale of an owner’s property, with the commission going to that broker regardless of who actually sells the property during the contract period.
Pronunciation: \iks-ˈklü-siv, -ziv\
Used in a Sentence: Because they had an exclusive-right-of-sale listing the broker still made a commission even though the seller found the buyer.
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