Which type of listing allows a seller to retain the right to sell the property themselves?

The correct answer is the exclusive agency listing, which allows the seller to retain the right to sell the property independently without paying a commission to the broker if the seller finds a buyer. In this arrangement, the broker has the exclusive right to represent the seller with the understanding that if the broker brings in a buyer, the seller will owe the agreed-upon commission. However, if the seller successfully finds a buyer on their own, they do not have to pay any commission to the broker.

This type of listing provides a balance where the seller maintains some control over the sale while still gaining the benefits of having a broker's services and marketing efforts. It can empower sellers who wish to actively market their property themselves alongside professional assistance, making it an attractive option for more self-directed individuals.

By comparison, an exclusive right to sell listing gives the broker full rights to earn a commission regardless of how the buyer is found, including if the seller sells it themselves. An open listing allows multiple brokers to market the property without exclusive rights, offering the seller even more flexibility. An agency listing isn't a standardized term used in real estate and may refer to the general principles of agency relationships rather than a specific type of listing agreement.