Part thereof, at the listing price and terms stated on the Data Form, or any other price and terms to which the Seller may agree. The rule change clarifies which real estate licensee in a transaction must notify the other when a gift or inducement is given.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. The Salt Lake Board of Realtors is the Wasatch Front's voice of real estate and the No. 1 source for housing market information. An open listing agreement is a non-exclusive contract between real estate agents or brokers and the property owner for buying and selling real estate property. A listing agreement is a legally binding contract between the seller (you) and the real estate brokerage that helps you sell your home. Here are the two huge changes: 1) Compensation offers moved off the MLS. 2) Written agreements for MLS participants acting for buyers. A residential listing agreement is an contract between a property owner and a real estate broker where the broker lists the property for sale. This video covers the Tennessee Realtor Form Exclusive Right To Sell Listing Agreement.