In an exclusive agency listing, what right does the owner retain?

In an exclusive agency listing, the owner retains the right to sell the property themselves without having to pay a commission to the listing agent. This arrangement allows the owner to have more control over the sale and the potential to save on commission fees if they find a buyer independently.

In this type of listing agreement, the agent is typically entitled to a commission if the agent, or other agents, bring a buyer, but not if the owner successfully sells the property themselves. The distinction of the exclusive agency listing from other types, such as exclusive right to sell, is that it grants the seller this significant right.

Other choices do not correctly describe the owner’s rights under an exclusive agency listing. For instance, while the owner can indeed make changes to the property and may choose to terminate the listing under certain conditions, these actions do not specifically highlight the unique advantage retained by the owner in this listing type regarding selling the property themselves.