Legal Definitions - sole selling agency

A sole selling agency is a type of exclusive agency agreement where a seller appoints only one agent to sell their property or goods. This means that the seller cannot appoint any other agents or sell the property themselves during the term of the agreement.

For example, if a homeowner signs a sole selling agency agreement with a real estate agent, they cannot list their property with any other agents or sell it themselves until the agreement expires or is terminated.

This type of agency agreement is beneficial for both the seller and the agent as it ensures that the agent has exclusive rights to market and sell the property, and the seller has the assurance that the agent will work hard to sell the property as they are the only one who will receive a commission.