Authority
Specify whether the broker has exclusive, exclusive-agency, or non-exclusive authority to procure buyers and whether subagents are permitted; define the scope of authority precisely.
A well-drafted Listing Agreement clarifies expectations, reduces disputes over commission or scope, and documents the timeline for marketing and closing. It also supports regulatory compliance, creates enforceable obligations, and preserves remedies if a party fails to perform.
Parties should review authority to sign and required state disclosures before finalizing the agreement.
Specify whether the broker has exclusive, exclusive-agency, or non-exclusive authority to procure buyers and whether subagents are permitted; define the scope of authority precisely.
State the commission rate or fee structure, when it is earned, payable conditions at closing, and how compensation is split with cooperating brokers or buyer agents.
Set a clear start and end date for the listing, extension conditions, and procedures for early termination or automatic renewal if permitted by state law.
Describe permitted marketing channels, photography and staging rights, lockbox and showing protocols, and advertising budgets or seller approvals if required.
List seller responsibilities such as property access, disclosure of material facts, condition and repairs, and delivery of title documents or keys.
Identify governing law, venue, and whether mediation or arbitration is required before litigation; consider attorney fee and prevailing party provisions.
| Field | Configuration |
|---|---|
| Signature fields | Place signature, date, and initials; make signature required for each party. |
| Signer order | Set simultaneous or sequential signing; ensure broker signs where required. |
| Authentication | Use email plus optional SMS code or KBA for higher assurance. |
| Retention | Enable automatic storage of completed PDF and audit trail in your document repository. |
Use platform audit trails, encrypted storage, and access controls to preserve chain-of-custody for listing and closing documents.
Specify the exact term (days or date range) and any automatic renewal conditions.
Note permitted showing hours and blackout dates agreed by the seller.
Define how long the seller will consider written offers before accepting or countering.
Include protection period for commission if buyer procured during listing term closes after expiry.
State deadlines for inspections, financing, and appraisal contingencies when applicable.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | Yes, 7-day trial | No | No | Yes, limited | Yes, limited |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| Envelope Cap | No envelope cap | 100 envelopes/user/year | Varies | Varies | Varies |
Tim Martin, Founder, Martin Properties
Brian Fitzgibbons, COO, Optica Ventures LLC