What does an exclusive agency listing agreement allow the property owner to do?

An exclusive agency listing agreement enables the property owner to sell the property independently while retaining the option to work with a broker. Should the owner find a buyer without the broker's involvement, they can complete the sale without incurring a commission fee for the broker. This type of agreement is beneficial for property owners who wish to maintain control over the sale process and potentially save on costs if they can successfully sell the property on their own.

Other options revolve around different aspects of property transactions. Negotiating multiple offers is typically a feature of more competitive listing scenarios, and dual representation relates to legal representation by one agent for both buyer and seller, which may not be directly associated with the exclusive agency concept. Limiting advertising by the broker doesn’t align with the primary intent of the agreement, which encourages the broker to actively seek buyers while still allowing the owner the freedom to sell their property without commission obligations.