Exclusive Right To Sell is an Agency Agreement. Agency: the legal relationship between a principal and his/her agent arising from a contract in which the principal employs the agent to perform certain acts on the principal's behalf. An agent has certain fiduciary duties to the principal, including loyalty. The agent is to act in the best interests of the principal, even when such action is not in the agent's best interests. The Exclusive Right To Sell is the legal document required to be signed by the owner(s) of real property and a licensed real estate broker/agent before the agent/broker can place the property for sale. This document also specifies how the realtor will be compensated. (usually a percentage of sale or listing price at closing). Once the contrct is signed, the agent/broker can place the property on the local Multiple Listing Service (MLS). The MLS is where all the licensed agents in a particular area notify all other agents of a property's availability. It will give specifics including price, number of bedrooms and bathrooms, year built, style of building, lot size, legal description, amenities, condition of property, ownership status, etc.Before doing this, the Listing Agent will run a Title Check on the property to ensure it is marketable. The agent representing the Seller is known as the Listing Agent. The Listing Agent is responsible for advertising and getting the property sold. Advertising usually consists of putting the property on MLS, electronic and print media advertising, regular mail advertising, signage and more. The Listing Agent may also place the property on Agent or Broker's Tour, hold Open Houses, place signage in the yard, network with other realtors who work in that area to find Buyers, and any and all other means the Listing Agent believes will help to get the property sold. Buyers will present their Offer To Purchase through their Buyer's Agent to the Listing Agent who will then present the Offer to the Seller(s). The Buyer's Agent represents the Buyer(s) and will therefore act in their best interests. The Listing Agent will give professional opinion regarding each Offer received to help the Seller(s) determine which Offer they will accept. The Listing Agent will also represent the best interests of the Seller(s) in all negotiations and in coordinating inspections and monitoring of the contract process up to and including Closing.