An Exclusive Agency agreement grants a broker the exclusive right to list and sell a property for a certain amount of time. Exclusive agency gives one broker the exclusive right to sell a particular property, though they may agree to pay a portion of their sales commission to a broker who procures a buyer.

An exclusive agency agreement allows the seller to sell the property directly and not have to pay a commission to the listing broker.

Buyers agent agreements may also establish exclusive agency where a buyer commits to use the representation of a single broker to purchase a home.