A listing in the form of a letter that allows a broker to earn a commission if the property sells within a specified period is classified as what?

A listing presented in the form of a letter that grants a broker the exclusive right to earn a commission if the property sells during a specified period is classified as an exclusive right to sell listing. In this arrangement, the broker is given the sole authority to market and sell the property, ensuring that even if the seller finds a buyer independently, the broker is still entitled to a commission. This type of listing provides the broker with a high level of assurance and eliminates the risk of the seller circumventing the commission payment, which can occur in other listing types.

In contrast, an exclusive agency listing allows the seller to find a buyer on their own without paying the broker. An open listing is non-exclusive, meaning the seller can list with multiple brokers and only pays the commission if one of those brokers sells the property. A net listing, while not a standard practice in many areas, generally involves the seller specifying a net amount they wish to receive from the sale, with the broker's commission being the excess above that amount. Thus, the exclusive right to sell listing is the most secure for brokers and clearly defines the terms regarding their commission entitlement.