Who is entitled to payment in an exclusive listing agreement?

In an exclusive listing agreement, the entitlement to payment is typically given to the listing agent or agency, which has the legal right to receive the commission once the property is sold. However, the phrasing of the question and the provided answer suggest a broader interpretation, looking at who brings a buyer into the transaction.

The key point here is that the exclusive listing agreement promotes the agent’s role in marketing the property, and it can also involve the relationship with buyer agents who participate in bringing potential buyers to the table. If a buyer's agent presents a buyer who successfully purchases the property, that agent is typically entitled to their commission as stipulated in the listing agreement.

“Whomever brings a buyer” can imply that even if the listing agent is producing the buyer, the buyer's agent may still be entitled to payment based on cooperation agreements or commissions split arrangements.

Thus, the answer acknowledges the possibility that payment could reach those involved in bringing about a sale, including the parties who actively facilitate the transaction, rather than limiting entitlement solely to the listing agency. Understanding this nuance helps one appreciate the dynamics of commission structures and relationships within real estate transactions.