What does the term "exclusive right to sell" imply for the listing agreement?

The term "exclusive right to sell" within a listing agreement indicates that the agent receives a commission regardless of who ultimately sells the property. This means that if the property is sold by the agent, the seller, or anyone else, the agent is entitled to their commission. This arrangement incentivizes the agent to actively market the property and negotiate on behalf of the seller, knowing that their efforts will be compensated no matter the source of the buyer.

This commission structure contrasts with other types of listing agreements, where the seller might retain the rights to sell the property themselves without having to compensate the agent if a sale occurs through their own efforts. Therefore, the correct answer captures the essence of an exclusive right to sell agreement, emphasizing the agent's assured compensation.