What type of agency agreement exists when a seller works exclusively with one brokerage without a guarantee of commission for the agent?

An exclusive agency agreement allows a seller to work exclusively with one brokerage while retaining the right to sell the property themselves without owing a commission to the agent if they find a buyer. In this arrangement, the seller engages a specific broker to represent them exclusively, but if they personally sell the property, they do not incur any commission costs to the agent. This type of agreement is distinct from others, such as an exclusive right-to-sell agreement, where the agent earns a commission regardless of how the sale occurs, even if the owner sells it themselves.

In contrast, an open listing agreement allows the seller to work with multiple brokers and only pay commission to the broker who finds a buyer. A net listing agreement is where the agent is entitled to any amount above a specified price, which can complicate the arrangement significantly. Therefore, the exclusive agency agreement is focused on exclusivity without guaranteeing commission, accurately reflecting the nature of this type of contract between a seller and brokerage.