Authority
Specifies broker authority level (exclusive right-to-sell, exclusive agency, or open listing), the broker's power to list on MLS, subagent cooperation, and conditions for negotiating and accepting offers on owner's behalf.
Listing agreements clarify broker and owner responsibilities, set commission and term limits, and establish authority to advertise and negotiate offers. They reduce disputes over fees and termination and provide a clear record for MLS and compliance with state disclosure requirements.
Typical users include listing brokers, individual agents, property owners, and legal or compliance staff within brokerages responsible for contract management.
Ensure each user role signs the agreement and receives a copy for recordkeeping and compliance.
Broker-owner or managing broker: responsible for setting firm policies, approving listing terms, ensuring state licensing compliance, and maintaining records. They typically control commission splits and oversee agent conduct; their signature binds the brokerage to the agreement's obligations.
Seller or property owner: grants the broker authority to market and negotiate, specifies the listing price and term, and agrees to pay the commission upon specified events. Owners should review termination rights and disclosure obligations before signing.
Specifies broker authority level (exclusive right-to-sell, exclusive agency, or open listing), the broker's power to list on MLS, subagent cooperation, and conditions for negotiating and accepting offers on owner's behalf.
Defines commission percentage or flat fee, timing and triggers for payment (closing, procuring cause), split arrangements, and obligations if the owner procures a buyer during or after the term.
Sets the listing start and expiration dates, renewal conditions, and early-termination consequences including notice requirements and any post-expiration protections for broker commissions.
Describes advertising channels, budget approvals, signage, photography, open house permissions, and who bears marketing expenses and reimbursement obligations.
Requires seller-provided property condition disclosures, lead paint or other federally required notices, and confirmation of accuracy and delivery to prospective buyers.
Includes exclusions such as tenant-occupied restrictions, geographic limitations, exceptions for pre-existing buyers, and indemnities for incorrect representations.
| Field | Configuration |
|---|---|
| Signature | Required; signer role ordering |
| Initials | Place where partial page acknowledgment needed |
| Date | MM/DD/YYYY format; auto-fill option |
| Attachments | Photo, inspection report, disclosures allowed |
Digital delivery options and integrations affect how you send, authenticate, and store listing agreements and which verification and audit capabilities are available.
Effective date when broker can begin marketing.
Date when broker's exclusive authority ends unless renewed.
Hours or days when showings are permitted.
Owner must approve price reductions in writing.
Defines events that cause commission to be payable.
| 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 | 7-day free trial | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No envelope cap | 100 envelopes/user/year | Varies by plan | Varies by plan | Varies by plan |
A mid-size brokerage used an exclusive right-to-sell listing to centralize marketing and coordinate showings across three agents.
An individual seller listed a rental property with a limited-term agreement but later contested a commission after selling privately.