Exclusivity

Definition

A broker's agreement with a seller (or vice versa) to represent them exclusively, ensuring no other brokers can interfere. Also known as 'we're preventing you from shopping around.'

Example Usage

We signed an exclusivity agreement giving the listing broker sole representation rights.

Origin

Contract law terminology

Fun Fact

Exclusive listing agreements typically run 3-6 months and are standard practice in professional real estate.

Source: National Association of Realtors

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