Sally seeks to list her home with Barry,a real estate broker.Sally and Barry agree that Barry will receive a commission if the home sells within 90 days,regardless of who actually causes the sale of the property.Sally and Barry have a(n) :

A) open listing contract.
B) exclusive agency contract.
C) exclusive right to sell contract.
D) restrictive covenant contract.

Exclusive Right to Sell Contract

An agreement between a property owner and a real estate broker giving the broker the sole authority to sell the property on the owner's behalf.

Commission

A fee or percentage of a sale paid to an agent or employee for facilitating or completing a transaction.

Real Estate Broker

A licensed professional who acts as an intermediary between sellers and buyers of real estate, facilitating transactions for a commission.