The course states that an exclusive right-to-sell listing is a brokerage employment agreement between the seller and the listing brokerage (through the authorized broker), not with the buyer. The listing contract authorizes the brokerage to market the property and earn compensation upon a sale during the listing term, regardless of who procures the buyer. Therefore, the parties are the seller (Chuck) and the listing brokerage (Nevin’s brokerage).
[References: Maryland 60-Hour Principles and Practices of Real Estate — Listing Agreements: parties to the agreement, broker’s authority, and compensation provisions in exclusive right-to-sell listings., , ]
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