Which type of listing agreement involves the exclusive right to sell for residential properties?

The exclusive right-to-sell listing agreement is specifically designed for residential properties, granting the broker the sole authority to represent the seller in the sale of their home. This type of agreement ensures that regardless of who sells the property—whether the seller finds a buyer themselves or the broker does—the broker is entitled to the agreed-upon commission. This provides significant motivation for brokers to actively market and sell the property, as it guarantees their compensation throughout the selling process.

In contrast, the other types of agreements listed do not pertain specifically to residential properties or do not provide the exclusive right to sell. For instance, a commercial listing agreement is tailored for the sale or lease of commercial properties, which have different market dynamics and regulations. A lease listing agreement generally involves the renting of properties rather than selling them, which is outside the scope of residential sales. Lastly, a farm and ranch listing agreement focuses on agricultural or rural properties, which again do not fall under the residential category. Thus, the exclusive right-to-sell listing agreement stands out as the correct answer for its specific applicability to residential real estate transactions.