Which type of listing allows a seller to retain the right to sell to named prospects while working exclusively with a broker?

The exclusive agency listing is designed in such a way that the seller maintains the right to sell the property independently, particularly to buyers they may already know or have identified as named prospects. In this arrangement, the seller agrees to work exclusively with a broker but retains the ability to bypass the broker if they find a buyer without their assistance. This creates a level of competition for the broker, since they will earn a commission only if they find a buyer other than the named prospects.

This type of listing contrasts with other listing agreements. With an exclusive right-to-sell listing, the broker is guaranteed a commission regardless of who sells the property. An open listing allows multiple brokers to show the property and only the one who brings in a buyer is compensated, while a basic listing is a less common term that may not fully define any specific type of agent-client relationship.

The exclusive agency listing strikes a balance for sellers who may want to market their properties actively while still benefiting from the professional services of a broker.