When a property owner decides to sell their property, they may enlist the services of a real estate agent to help them find a buyer. In some cases, the property owner and the real estate agent may sign an exclusive right to sell agreement, which means that the agent has sole rights to market and sell the property.

One question that often arises is who receives the commission under an exclusive right to sell agreement. The answer is simple: the real estate agent who successfully sells the property.

Under an exclusive right to sell agreement, the real estate agent is the only one authorized to market and sell the property. If the agent finds a buyer and successfully closes the deal, they are entitled to collect the commission specified in the agreement.

The commission is typically a percentage of the sale price and can range from 5% to 7% depending on the region and the specific agreement. The commission is usually split between the listing agent and the buyer`s agent. If the listing agent also represents the buyer, they may receive the entire commission.

It is worth noting that if the property owner finds a buyer on their own, they may still be obligated to pay the commission to the agent. This is because the exclusive right to sell agreement gives the agent the sole right to sell the property, regardless of who brings in a buyer.

In summary, under an exclusive right to sell agreement, the real estate agent receives the commission if they successfully sell the property. The commission is typically a percentage of the sale price and may be split between the listing agent and the buyer`s agent. Even if the property owner finds a buyer on their own, they may still have to pay the commission to the agent.