Exclusive Agency


Also found in: Financial.

Exclusive Agency

Grant to an agent of exclusive right to sell within a particular market or area. A contract to give an exclusive agency to deal with property is ordinarily interpreted as not precluding competition by the principal generally, but only as precluding him or her from appointing another agent to accomplish the result. The grant of an exclusive agency to sell, that is, the exclusive right to sell the products of a wholesaler in a specified territory, ordinarily is interpreted as precluding competition in any form within the designated area.

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For reciprocals and association-owned stocks, the benefits of an exclusive agency system appear especially high, since the target population of potential policyholders typically is well defined.
In contrast, little information is publicly available about the agency management practices used by exclusive agency insurers, perhaps because the insurers' influence over their marketing systems has prevented the exclusive agents from developing active (and hence vocal) trade associations.
He immediately ran over to see how Haber and Hutchings were faring, and after getting the go ahead from his two colleagues, picked up the presentation materials, and helped to garner the exclusive agency.
The highest level or Platinum Tier Service is offered to landlords who commit Citi habitats as their exclusive agency and includes all services of Silver and Gold Tiers, and adds asset management consultations, designated preferred Citi Habitats agents, comprehensive pricing analysis with a stacking plan, primary placement on Citi Habitats web site and several other service features.
Adding to their portfolio of elite exclusive agency assignments, the team of Faith Hope Consolo, Chairman, and Joseph A.
NAI DG Hart has been awarded the exclusive agency to lease a 2,500 s/f retail space located at 182 Mulberry Street, a new seven-story mixed-use property with residential condominiums in the fashionable NoLita district.