What type of listing agreement allows a seller to contract with one agent but retain the right to find a buyer themselves?

The type of listing agreement that allows a seller to contract with one agent while retaining the right to find a buyer themselves is known as an exclusive agency agreement. In this arrangement, the seller grants one agent the exclusive right to market and sell the property, which means that if the agent successfully finds a buyer, they will earn a commission. However, if the seller finds a buyer on their own without the agent's assistance, they are not obligated to pay the agent a commission.

This agreement strikes a balance for sellers who want to have control over the sale process while still benefiting from the expertise of a real estate professional. It fosters a cooperative relationship between the seller and the agent, as the agent is motivated to market the property effectively to secure a sale. Understanding this agreement is crucial, as it highlights the seller's ability to be proactive in the sale of their property, which can be an essential strategy for those familiar with the local market.