A listing agreement is a contract between a property owner and a real estate broker that authorizes the broker to represent the seller and find a buyer for the property.
Listings Belong to the Broker, not the Agent.
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A listing agreement is between the parties that own a property and the agents or brokers who will find a buyer for it. Typically, a real estate listing agreement involves the property owner and a real estate agent. The property owner, or seller, grants the agent the right to market and sell the property.
Also, under the statute of frauds, a listing agreement must be in writing and must be signed by the seller. (If the property has more than one owner, only one of them has to sign the listing.)
A listing belongs to a brokerage firm, not to an individual licensee. It is a contract between a seller and a firm, so it would remain in place even if the seller's particular agent left the firm.
Listing agreements serve as a hiring contract with the agent for the sale of a property, and are only valid for a set amount of time. Like any other employment contract, it outlines details of the relationship between the person doing the hiring and the person doing the work.
The most common listing agreement (exclusive right to sell) gives your brokerage the exclusive right to list your home for the duration of the contract. That means you'll need to have a conversation about terminating the agreement if you're unsatisfied with their services or your circumstances have changed.
A listing agreement is a contract between a property owner and a real estate broker that authorizes the broker to represent the seller and find a buyer for the property. The three types of real estate listing agreements are open listing, exclusive agency listing, and exclusive right-to-sell listing.