What`s the difference between an open list and an exclusive list? Also, what is an exclusive offer in Ontario? An exclusive offer is when a seller enters into a list contract with a brokerage, but the offer does not appear in the MLS. The listing agent (and each in mediation) has the exclusive right to find the buyer. In a tight real estate market with limited inventory, selling your home through an “Exclusive Listing Office” (OEL) can offer you several strategic options to move from your current home to your next home. An exclusive office offer (OEL) is essentially an agreement to sell your home with your broker, but without the marketing, sign, MLS and all the fanfare. There are several advantages to trying this method: An exclusive offer is a real estate sale contract in which a particular real estate agent stands to earn a commission if a property sold in a number of months. The purpose of an exclusive list is to motivate the agent to sell the property quickly and at the highest possible price. Exclusive right to sale: a contractual agreement under which the stockbroker acts as an agent or as a legally recognized non-agency representative of the seller (s) and the seller (s) agrees (s) to pay a commission to the listing broker, whether the property is sold by the efforts of the stockbroker, seller or another person; and a contractual agreement under which the stockbroker acts as an intermediary or as a non-agent representative of the legally recognized seller (s), and the seller (s) engages, to pay a commission to the broker, whether the property is sold by the efforts of the broker, seller or anyone else, except that the seller may designate one or more individuals or legal entities as exceptions in the listing agreement and that if the property is sold to an exempt individual or corporation, the seller is not required to pay a commission to the stock exchange. (Modified 5/06) Note: These definitions are provided to make it easier to categorize lists in MLS compilations. In any area of conflict or inconsistency, priority is given to the law or regulation of the state. If national law allows brokers to list real estate on an exclusive or open basis without establishing an agency relationship, listings should not be excluded from MLS compilations, as the listing broker is not the seller`s agent.