A listing agreement is a contract between homeowners and brokers that legally establishes how a realtor will find a property buyer on the seller's behalf. A listing agreement is a legally binding contract between a homeowner and the real estate agent or broker who will be listing the property for sale.This is a basic listing agreement or contract if you will uh between you the agent and the seller the homeowner. Learn how to terminate a New York real estate listing agreement. This guide will help you to understand the changes and the proper way to fill out the forms. An open listing lets a property owner enlist multiple real estate agents to help them make a sale. Called for in the listing agreement in the event the owner(s) choose to cancel the broker's marketing of the property. How many listings do you currently have? Points to Consider Before Signing an Exclusive Right to Sell Agreement.