Scope
Defines the property, listing boundaries, MLS authorization, and which marketing channels the broker may use to solicit offers.
The agreement establishes clear expectations about pricing, marketing, and compensation, which reduces disputes at closing and preserves legal remedies if a party breaches. It documents consent to representation and creates a record usable in escrow and closing procedures under state contract law.
The agreement is used by property owners, listing brokers, and brokerages involved in marketing and selling residential or commercial property.
Parties should confirm that signatories are authorized decision-makers (entity officers or trustees when applicable) and that the agreement lists all co-owners who must sign.
Defines the property, listing boundaries, MLS authorization, and which marketing channels the broker may use to solicit offers.
Specifies exclusive right-to-sell, exclusive agency, or open listing and explains how competing procurements affect commission obligations.
Sets the commission rate, calculation method (percentage or flat fee), payment timing, and who pays in multi-broker scenarios.
States the effective date and expiration, renewal terms, and any automatic extension tied to pending offers or escrow.
Lists marketing, showing, disclosure, and presentation-of-offers duties, including timelines for reporting and offer submission.
Explains termination for cause or convenience, notice requirements, post-termination commission protections, and dispute-resolution method.
| Field | Configuration |
|---|---|
| Signature Authentication | Email link or SMS code; choose SMS for higher assurance and audit traceability. |
| Notification Rules | Auto-reminders at configurable intervals and final confirmation to all parties. |
| Conditional Fields | Show commission split or addenda fields only when corresponding checkboxes are selected. |
| Template Locking | Lock boilerplate clauses to prevent accidental edits while allowing variable fields. |
Choose a platform that supports required authentication, audit trails, and integrations with MLS, CRM, and document storage.
Ensure the chosen platform meets state e-signature rules and any industry-specific compliance (for example HIPAA or 21 CFR Part 11) before relying on electronic execution.
Record MM/DD/YYYY to establish when broker duties and seller obligations begin.
Specify exact expiration date or number of days to prevent unintended auto-renewal.
Require prompt presentation of offers (commonly within 24–48 hours) to protect seller interests.
Tie commission payment to closing date or funding event to clarify entitlement.
Define any protection period after termination for buyer procurements tied to prior marketing.
Tim Martin used an online execution workflow to complete listings remotely
Optica Ventures standardized listing agreements to minimize errors in investor transactions
| 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 by plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes (Premium) | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |