In an exclusive agency listing, if the seller finds their own buyer, what is the commission status?

In an exclusive agency listing, the commission structure is designed to incentivize the listing agent while allowing the seller some flexibility. If the seller finds their own buyer, they are not obligated to pay a commission to the listing agent. This is because the exclusive agency agreement allows the seller to retain that right to sell the property independently without incurring commission fees. The listing agent is entitled to a commission only if they are the one who brings a buyer to the property. This unique aspect differentiates an exclusive agency listing from other types of listings, such as exclusive right-to-sell listings, where the agent earns a commission regardless of who sells the property. Understanding this structure helps clarify the responsibilities and rights involved in exclusive agency agreements.