Once the Listing Agreement is filled out completely, the next step is to make sure that all additional forms are included. Listing and Buyer Employment Agreements.Written in clear and unambiguous language. A residential listing agreement is an contract between a property owner and a real estate broker where the broker lists the property for sale. The listing agreement is a contract that lays out specific, agreedupon terms, giving the real estate agent permission to market a home to buyers. The listing agreement may obligate the consumer monetarily after cancellation. THE PRE-PRINTED PORTIONS OF THIS LISTING AGREEMENT ("AGREEMENT") HAVE BEEN APPROVED BY. THE ("MLS"). A listing agreement explains the relationship between the home seller and their agent in detail. Here's what you need to look for. This particular contract dictates the purchase and sale of real estate in Phoenix and throughout the state.