Sole-selling and sole-agency rights are two types of agreements between property owners and real estate agents.

What is a sole-selling deal?

In a sole-selling agreement, the real estate agent is given the exclusive right to sell or lease the property for a specified period. This means that during the agreement period, the property owner cannot engage any other real estate agent to sell or lease the property. The real estate agent is vested in selling the property as quickly and profitably as possible, as they are the only ones authorized to sell or lease it. During the agreement period, the property owner cannot engage any other real estate agent to sell or lease the property. It is essential to carefully consider the terms of the agreement and the reputation and track record of the real estate agent before entering into a sole selling rights agreement.

More about sole agency rights-

In a sole-agency agreement, the property owner agrees to appoint a specific real estate agent as the sole agent to market and sell or lease the property.
Under a sole selling rights agreement, the real estate agent has the exclusive right to market, sell, or lease the property. They are responsible for all aspects of the sale or lease, including advertising, conducting property inspections, negotiating with potential buyers or tenants, and completing the transaction.
This agreement can be beneficial for both property owners and real estate agents. For property owners, it provides a clear understanding of the contract terms and a dedicated focus on marketing, selling, or leasing the property. For real estate agents, it offers the opportunity to earn a higher commission by having exclusive rights to the property. However, the property owner reserves the right to sell or lease the property without incurring commission fees.
The critical difference between sole-selling and sole-agency rights is that the real estate agent has the exclusive right to sell or lease the property in a sole-selling agreement. In contrast, in a sole-agency deal, the owner retains the right to sell or lease the property without incurring commission fees.

Conclusion-

Both types of agreements have their advantages and disadvantages. Property owners must carefully consider the terms of the contract and the reputation and track record of the real estate agent before entering into either type of agreement.