Which type of listing agreement gives the broker exclusive rights except for the seller being allowed to sell to a named prospect?

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This question targets how listing agreements allocate rights and who gets paid. The key idea is exclusivity: who has the right to sell and who earns a commission.

In an exclusive right to sell arrangement, the broker has the sole right to market the property, and the seller agrees to pay the broker a commission if the property sells during the listing term, no matter who actually brings the buyer. That strong exclusivity is why this type is described as giving the broker exclusive rights. Some contracts also include a carve-out allowing the seller to sell to a named prospect without owing a commission to the broker, but the core effect remains: the broker holds exclusive rights and is compensated if the sale occurs within term.

Open listings lack exclusivity, so multiple brokers can try to sell and the seller can sometimes sell themselves. Net listings focus on the price rather than exclusivity and can be problematic. Exclusive agency listings grant the seller the right to sell on their own without paying a commission, unless the broker finds the buyer, and may also include named-prospect terms, which is why that option doesn’t give the broker blanket exclusive rights.