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Real Estate Listings Agreement

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REAL ESTATE LISTING AGREEMENT

This Real Estate Listing Agreement (the "Agreement") is entered into between the parties identified below on the Effective Date set forth herein. The parties agree that Broker will act as the exclusive or non-exclusive agent to procure a buyer for the Property described in this Agreement on the terms and conditions set forth.

Parties and Effective Date

Effective Date: . This Agreement authorizes Broker to act for Seller as set forth below.

Property Identification

Term of Listing and Price

Listing Term Commences: and expires on: , unless extended or earlier terminated in accordance with this Agreement.

Authority and Type of Listing

Seller grants Broker the following listing authority (select applicable):
Exclusive Right to Sell (Broker earns commission regardless of procuring cause)
Exclusive Agency (Seller may sell without owing commission if no procuring broker)
Open Listing (non-exclusive; commission payable to procuring broker only)

Compensation and Payment Terms

Commission to Broker: of the gross sales price, or a flat fee of (if applicable). Commission is earned and payable at closing or upon performance as defined herein.

Cooperative Compensation to Buyer Broker (if applicable):

If Buyer fails to close due to default, Broker may retain any earnest money or pursue other remedies including specific performance and recovery of costs and reasonable attorneys’ fees.

Marketing, MLS and Seller Obligations

Broker is authorized to market the Property, place signs, advertise, list the Property on the local multiple listing service, hold open houses, arrange photography and virtual tours, and consent to cooperative compensation. Seller authorizes Broker to use Seller's contact information for marketing and transaction purposes.

Lockbox or other on-site access: Authorized    Seller to remove lockbox upon termination: Yes

Seller Disclosures and Representations

Seller represents and warrants that Seller has full authority to enter into this Agreement, and that to Seller’s knowledge the Property will be marketed with the following disclosures:

Property constructed before 1978 (lead-based paint potential): Yes    No

Known material defects, prior structural damage, or previous insurance claims: Yes    No

Inspection, Access and Condition

Seller agrees to allow prospective buyers reasonable access to inspect the Property. Seller acknowledges that Broker does not make representations regarding physical condition beyond information Seller provides. Seller shall furnish any required disclosures and deliverable documents to Buyer at or before closing.

Termination and Remedies

This Agreement may be terminated by mutual written consent or as otherwise provided herein. If Seller breaches this Agreement, Broker may seek actual damages, retention of marketing funds, and reasonable attorneys’ fees. If Broker materially breaches this Agreement, Seller may terminate and seek remedies at law or equity.

Conflicts, Dual Agency and Consent

Broker must disclose known conflicts of interest. Dual agency or designated agency may occur where permitted by law and only with the informed written consent of Seller and any Buyer(s). Seller acknowledges receipt of any required agency disclosure forms at or prior to execution of this Agreement.

Seller consents to dual agency: Yes    No

Indemnification and Insurance

Seller agrees to defend, indemnify and hold Broker harmless from claims arising out of Seller’s breach of representations or failure to disclose material facts, except to the extent caused by Broker’s gross negligence or willful misconduct. Seller is responsible for property insurance and maintaining required hazard protection until transfer of title.

Governing Law; Entire Agreement

This Agreement will be governed by and construed in accordance with the laws of the state where the Property is located. This instrument contains the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements, representations and understandings, whether written or oral. Any amendment must be in writing and signed by both parties.

Notices

All notices under this Agreement must be in writing and delivered to the contact addresses set forth below by personal delivery, certified mail (return receipt requested), or other delivery method that provides evidence of receipt.

Additional Terms

By signing below, Seller and Broker acknowledge that they have read, understand, and agree to be bound by the terms and conditions of this Listing Agreement and that the information provided herein is true and complete to the best of their knowledge.

Seller Printed Name:

By:

Date:

Broker / Brokerage Printed Name:

By:

Date:

Enter text✕

What a Real Estate Listings Agreement Is and Who It Binds

The Real Estate Listings Agreement is a written contract between a property owner and a licensed real estate broker that authorizes the broker to market and sell a specific property. It defines listing type (exclusive, exclusive agency, open), the listing period, the broker's commission rate and payment conditions, permitted marketing channels including MLS entries, and seller disclosures required by state law. The agreement allocates responsibilities for showings, paperwork, and negotiations, and it establishes termination, amendment, and dispute-resolution provisions. Executed correctly, it creates enforceable duties and commission rights under state real estate statutes.

Why a Clear Listing Agreement Matters

A clear Real Estate Listings Agreement protects sellers and brokers by setting expectations on marketing, commission, and duration, reduces disputes over earned fees, and creates a written basis for MLS listings and counteroffers. It also clarifies legal obligations under state law.

Why a Clear Listing Agreement Matters

Typical Participants and Their Roles

Agents, property owners, and authorized legal representatives use this agreement to set marketing scope, commission, and listing duration.

  • Listing brokers and salespersons define duties, commission splits, and MLS submission rights for the listing.
  • Property owners provide disclosures, access for showings, pricing guidance, and written acceptance of offers.
  • Third-party vendors, attorneys, and mortgage brokers may be listed as contacts or service providers.

Review local practice rules and broker policies before signing; confirm authority and licensing to avoid unenforceable agreements.

Core Components to Include in a Professional Listing Agreement

Primary components of a professional Real Estate Listings Agreement ensure clarity on parties, property details, compensation, term, marketing rights, and dispute-resolution procedures.

Parties

Identify seller(s) and listing broker with full legal names, business addresses, and broker license numbers; include corporate entity names when an owner is an LLC or trust.

Property

Provide full street address, parcel or tax ID, legal description, included fixtures and exclusions, short legal description if available, and zoning limitations affecting sale, and MLS ID when applicable.

Compensation

Detail commission percentage or flat fee, who pays, timing of payment, compensation splits with cooperating brokers, and conditions for earned commission on ready, willing, and able buyer.

Term & Termination

Specify listing start and end dates, automatic renewal rules if any, grounds for early termination, notice periods, and post-termination obligations like removing MLS entries and disposition of unpaid marketing expenses or earnest-money disputes.

Marketing Rights

Define permitted advertising channels, authority to photograph and list property in MLS, signage and lockbox use, virtual tour permissions, and any seller-restricted marketing activities including paid online ads.

Disclosures

Require all statutorily mandated seller disclosures, known material defects, lead-based paint notices for pre-1978 properties, HOA documents if applicable, and method for updating disclosures after contract.

Step-by-Step: Completing and Executing a Listing Agreement

Follow this sequence to complete and execute a Real Estate Listings Agreement accurately and in compliance with local rules.

  • 01
    Gather Documents: Collect property deed, disclosure forms, and broker license details.
  • 02
    Populate Fields: Enter names, addresses, dates, and compensation terms carefully.
  • 03
    Review Terms: Confirm marketing rights, MLS authorization, and termination clauses.
  • 04
    Execute & Distribute: Sign, notarize if required, and send executed copies to all parties.

How Electronic Execution and Routing Typically Works

Typical routing for a listings agreement: upload the document, set signature fields, send to signers, and retain the executed record with an audit trail.

  • Upload Document: Use PDF or DOCX; include all exhibits.
  • Add Fields: Place signature, date, initial, and text fields.
  • Select Signers: Enter emails and assign signing order.
  • Send & Track: Monitor completion and download final signed copy.

Suggested Online Workflow Settings for Listing Execution

Configure an online listing workflow to collect signatures, disclosures, and MLS authorization while preserving an audit trail and timestamped records.

Field and Configuration Settings Overview Configuration
Signature Field Type and Options Required signature, optional initials, and date field.
Signer Authentication Methods and Strength Levels Email link, SMS code, KBA, or ID check per state.
Document Retention and Audit Trail Options Enable audit trail, IP logging, time stamps, and secure storage.
Notarization Options Including RON Session Settings Kiosk, in-person, or remote online notarization; record retention rules apply.

Platform Capabilities to Support Listings and MLS Workflows

Choose a platform that supports PDF/DOCX, audit trails, and the level of signer authentication required by state or industry rules.

  • File Formats: PDF and Word (DOCX) supported.
  • Integrations: Connect to MLS, CRM, and cloud storage.
  • Authentication: Email, SMS code, or KBA options.

Key Risks and Penalties from Incomplete or Incorrect Agreements

Commission Disputes: Unclear terms can trigger litigation and withholding of commissions.
Disclosure Violations: Failing statutory disclosures leads to rescission or damages.
Tax Reporting Errors: Incorrect TIN can trigger 24% backup withholding.
Ineffective Signatures: Unsigned or improperly signed agreements may be unenforceable.
Notarization Failure: Missing notarization for deed-related documents can delay closing.
Data Breach Risk: Inadequate security can expose PII, creating HIPAA/CCPA liabilities.

Common Preparation Mistakes to Avoid

  • Using informal or blank forms without specifying listing type, commission, and termination causes misunderstandings and potential claims for unpaid commissions.
  • Failing to capture broker license numbers, business addresses, or authorized agent names can prevent MLS acceptance and impair regulatory compliance.
  • Entering approximate dates or missing effective date fields can trigger disputes over market exposure and commission entitlement.
  • Neglecting to attach required seller disclosures or HOA documents delays escrow and may expose seller to statutory penalties.

How Real Estate Teams Use Electronic Listings Agreements

Real-world examples show how listing agreements move faster when executed electronically across devices and integrated workflows.

Martin Properties

Tim Martin, founder of Martin Properties, used eSignature to complete remote listings and client authorizations without in-person meetings.

  • 100% compliance and built-in security.
  • Automation cut turnaround times, reduced travel for signings, and centralized executed agreements for title and escrow coordination, enabling faster offers and clearer documentary evidence of marketing authorization and commission terms.

Optica Ventures

Optica Ventures used electronic listings agreements to simplify client signings across mobile and desktop, reducing administrative follow-up and missed acknowledgements.

  • Simple and easy-to-use for our team.
  • The platform's simplicity improved client experience, decreased return time for executed listings, and provided an audit trail for compliance checks, reducing the need for manual verification before submitting MLS entries or progressing to escrow.

Baseline eSignature Pricing and Feature Comparison for Listings Workflows

Compare eSignature vendor pricing and feature basics relevant to executing Real Estate Listings Agreements, with signNow listed first per platform capabilities and compliance.

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 trial Varies Varies Varies Varies
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No
Envelope Cap No cap 100 envelopes/user/year Varies Varies Varies

Frequently Asked Questions About Listings Agreements and Electronic Execution

Answers to common questions about completing, signing, notarizing, and storing a Real Estate Listings Agreement in the United States.


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