In an exclusive right to sell/lease agreement, what is true?

In an exclusive right to sell/lease agreement, it is true that all sales must go through the named agency. This type of agreement grants the designated real estate agency the exclusive right to represent the seller or lessor in the transaction. As a result, the seller is committed to working with only that agency for the duration of the agreement, and any sale or lease that occurs during this period is managed by that agency, regardless of whether the purchaser or lessee was brought to the property by the agency.

In this context, an exclusive right to sell/lease agreement ensures that the agency has a guaranteed commission if the property is sold or leased during the specified time frame, offering the agency a right to be compensated for its services. This structure is designed to incentivize the agency to market the property effectively, as only they can conclude the deal.

The other options do not accurately represent the nature of an exclusive right to sell/lease agreement. The seller is obliged to pay a commission, not the opposite, and such agreements typically involve only one agency to maintain that exclusivity. There is usually a specified time limit for these agreements, as they need to be renewed or renegotiated after a certain duration.