Establishing secure connection…Loading editor…Preparing document…

Listing Agreement

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

LISTING AGREEMENT

THIS AGREEMENT made by and between & hereinafter collectively referred to as "Owner," and "Broker."

Recitals:

1. Owner is the owner of that certain real property situated in County, State of commonly known as and hereinafter referred to as the "Property," and more particularly described as (legal description):

2. Owner desires to sell the Property and, accordingly, Owner desires to grant to Broker the [exclusive and irrevocable] right to sell the Property in accordance with the provisions of this Agreement. Broker is a duly licensed real estate salesman [or broker] in the State of and desires to have the [exclusive] authority to sell the Property in accordance with the provisions of and for the compensation provided for in this Agreement.

THEREFORE, Owner and Agent agree as follows:

1. Grant of Right. Owner hereby grants to Broker the [exclusive and irrevocable] right, commencing on and expiring at .m. on to sell the Property.

2. Personal Property Included. In addition to the real property described above, the Property to be sold [or exchanged or sold] includes the personal property itemized in the inventory attached hereto as Exhibit which exhibit is incorporated in and made a part of this Agreement.

3. Incorporation of Information Checklist. As a further description of the Property, the parties have jointly prepared statements and information, which appear in the Property Information Checklist, which checklist is attached to and incorporated in this Agreement as Exhibit A.

4. Terms of Sale. The selling price of the Property shall be $ which shall be paid on the following terms:

or at such price and terms as shall be acceptable to Owner, and to accept a deposit thereon.

5. Open Listing. This Agreement is commonly known in the trade as an open listing and if, during the period of this Agreement, the sale of the Property is consummated and the deed or other evidence of the transfer of title is recorded other than through the efforts of Broker, but rather through the efforts of other agents, or of anyone else, including Owner, the aforesaid compensation for the sale shall not be paid to Broker as set forth in this Agreement.

[or]

5. Exclusive Agent Listing. This Agreement is commonly known in the trade as an exclusive agency listing and if, during the period of this Agreement the sale of the Property is consummated and the deed or other evidence of the transfer of title is recorded other than through the efforts of Broker, but rather through the efforts of other agents, or of anyone else, excluding Owner, compensation shall be paid to Broker as set forth in this Agreement.

[or]

5. Exclusive Right to Sell Listing. This Agreement is commonly known in the trade as an exclusive right to sell listing and if, during the period of this Agreement the sale of the Property is consummated and the deed or other evidence of the transfer of title is recorded other than through the efforts of Broker, but rather through the efforts of other agents, or of anyone else, including Owner, compensation shall be paid to Broker as set forth in this Agreement.

It is understood that Broker is a member of and that such listing service and its members shall act in cooperation with Broker in procuring or attempting to procure a purchaser in accordance with this Agreement.

6. Compensation of Broker. The amount or rate of real estate commissions is not fixed by law. They are set by each Broker individually and may be negotiable between the Seller and Broker. Owner agrees to pay Broker as compensation for services rendered a fee of per cent of the purchase price.

7. Cooperation of Owner. Owner agrees to make available to Broker and prospective purchasers all data, records, and documents pertaining to the Property, to allow Broker, or any other broker with whom Broker chooses to cooperate, to show the Property at reasonable times and upon reasonable notice, and to place a "For Sale" sign upon the Property. Owner agrees to commit no act which might tend to obstruct the Broker's performance hereunder. Broker may furnish the information provided herein to third parties, and after close of escrow, may disclose the terms of sale to interested parties.

8. Sales Facilitation.

By initializing here: [ ] Owner instructs Broker to list the herein Property with the local Multiple Listing Service.

By initializing here: [ ] Owner authorizes Broker to install a Lock Box upon the Property.

9. Delivery of Papers by Owner. In the event of a sale, Owner will promptly, upon Broker's request, deposit in escrow all instruments necessary to complete the sale.

10. Distribution of Sales Information. In the event Owner has signed a PROPERTY DISCLOSURE STATEMENT, Broker is authorized to furnish copies to potential purchasers.

11. Owner's Representations. Owner warrants the accuracy of the information furnished herein with respect to the above described Property and agrees to hold the Broker harmless from any liabilities or damages arising out of incorrect or undisclosed information. Owner agrees to notify Broker within (__) days of any changes in rentals and/or expenses of the Property. The undersigned Owner warrants further that he is the owner of record of the Property or has the authority to execute this Agreement.

12. Broker Indemnified. If suit is brought to collect the compensation of Broker, or if Broker successfully defends any action brought against Broker by Owner relating to this authorization or under any sales agreement relating to said Property, Owner agrees to pay all costs incurred by Broker in connection with such action, including a reasonable attorney's fee.

13. Escrow Instructions and Closing Date. Escrow instructions to Escrow Agent shall be signed by the purchasers and Owner and shall be delivered to said escrow within days from acceptance of the terms and conditions of the sale of the Property. Said instructions shall provide for closing and the recording of the deed or other evidence of the transfer of title within days from the date the instructions are delivered to said escrow.

14. Title Defects. Title shall be free of liens, encumbrances, easements, restrictions, rights, and conditions of record or known to Owner other than the following:

15. Owner Default. If Owner fails to deliver title as herein provided, any deposit, together with any other money paid on account of the purchase price, shall there upon be returned to the purchasers.

In consideration of the execution hereof, the undersigned Broker agrees to use diligence in effecting a sale of the Property.

Dated:

Broker

Broker's Address/Phone

Seller

Seller

Enter text

What a Listing Agreement Is and what it covers

A Listing Agreement is a written contract between a property owner (the seller) and a real estate broker that authorizes the broker to market, advertise, and seek buyers for specified real property in exchange for a commission. It sets the listing type (exclusive right to sell, exclusive agency, or open), listing term, list price, broker duties, seller representations, permitted marketing activities, and conditions for commission entitlement. Properly executed, a Listing Agreement creates enforceable contractual obligations under state contract and real estate law.

Why a clear Listing Agreement matters

A clear Listing Agreement reduces legal risk by documenting the broker’s authority, commission terms, listing period, and marketing scope. It protects seller and broker expectations, supports MLS submission, and creates enforceable obligations under ESIGN and state electronic transaction rules when executed electronically.

Why a clear Listing Agreement matters

Who typically completes and signs a Listing Agreement

Typical participants who complete or sign Listing Agreements include sellers, listing brokers, cooperating brokers, and sometimes legal counsel or title representatives when complex issues or encumbrances exist.

  • Homeowners and property sellers preparing to market or sell residential or commercial real estate
  • Listing brokers and real estate agents establishing commission terms, MLS authorization, and marketing responsibilities
  • Cooperating brokers, buyer agents, and title professionals reviewing entitlement and closing coordination details

Essential sections to include in every professional Listing Agreement

Core sections of a professional Listing Agreement define authority, compensation, timelines, disclosures, and marketing permissions to protect both parties' interests.

Listing Type

Specify exclusive right to sell, exclusive agency, or open listing; state scope of property included, any sub-agents permitted, and how multiple-listing service submission is handled.

Term & Expiration

Set listing start and end dates, automatic extension clauses, renewal options, notice periods, and conditions for early termination including cure periods and required written notice.

Price & Commission

State the initial list price, permitted price adjustments, commission percentage or flat fee, when commission is earned, and any cooperating-broker split details.

Broker Duties

Detail marketing activities, advertising channels, open house responsibilities, fiduciary duties (if applicable), and recordkeeping obligations required for compliance and MLS rules.

Seller Representations

Require seller to disclose known property defects, authority to sell, outstanding encumbrances, and to deliver HOA, environmental, or material condition disclosures as applicable.

MLS & Marketing

Authorize broker to enter the property into MLS, use photos and floor plans, run digital ads, and obtain written consent for virtual tours and signage.

Step-by-step: prepare and finalize a Listing Agreement

Follow this sequence to prepare, execute, and deliver a Listing Agreement for a typical residential or commercial listing.

  • 01
    Gather Information: Collect seller ID, deed, mortgage status, and required disclosures.
  • 02
    Draft Agreement: Populate the form with price, term, and commission details.
  • 03
    Review & Disclose: Provide mandatory seller disclosures and confirm accuracy.
  • 04
    Sign & Distribute: Obtain signatures and send the executed copy to title and MLS as required.

Configure an online workflow for electronic execution

Configure the online Listing Agreement workflow to automate field placement, signer order, and verification steps for compliant e-signatures.

Field Configuration
Template Use a reusable template with pre-placed signature, date, and text fields.
Signer Order Set primary signer then broker then cooperating broker to preserve signing sequence.
Auth Method Select email link, SMS code, or KBA depending on transaction risk level.
Notifications Enable reminders and completion emails for all parties and title contacts.

Where executed Listing Agreements are typically routed

Typical routing after execution: broker, MLS, title company, and seller receive copies; the broker retains records for closing and compliance tracking.

  • Broker Copy: Broker stores executed agreement and logs commission terms for the file.
  • MLS Submission: Upload listing data and photos according to MLS rules and deadlines.
  • Title Company: Provide agreement to title officer for closing preparations and payoff coordination.
  • Seller Record: Deliver final signed copy to the seller and advise on retention.

Digital delivery and e-signature technical checklist

For e-delivery and e-signature, confirm supported file formats, required authentication strength, and integration endpoints for your brokerage and title partners.

  • Supported Formats: PDF, DOCX, and HTML
  • Integrations: Salesforce, Microsoft 365, NetSuite, Google Workspace
  • Authentication Options: Email link, SMS code, KBA, or SSO

Key Listing Agreement deadlines and timing considerations

Key deadlines in a Listing Agreement include the listing term, required disclosures, and timelines for price adjustments, MLS posting, and termination notice.

Listing Term Start:

Effective date begins obligations and marketing rights.

Disclosure Delivery:

Provide required seller disclosures at or before buyer contract formation per state law.

Inspection Period:

Identify buyer inspection window and seller obligations for access and repairs.

MLS Posting:

Upload listing data and photos within the MLS timeframe to meet advertising rules.

Termination Notice:

Follow written notice and cure periods required by the agreement or state statute.

Common mistakes to avoid when preparing a Listing Agreement

  • Incomplete legal description or wrong parcel ID leads to recording delays and title mismatches that may require corrective deeds or affidavits.
  • Mismatched seller names between the agreement and title cause payment and transfer issues; always use exact legal names from government ID and deed.
  • Omitted mandatory state disclosures or failure to attach HOA documents can create liability and in some states permit buyer rescission.
  • Ambiguous commission language, undefined cooperating broker splits, or unclear commission entitlement conditions often result in disputes and arbitration.

Penalties and operational risks tied to faulty Listing Agreements

Commission Dispute: Litigation or arbitration risk
MLS Sanctions: Fines or listing removal
Delayed Closing: Title defects and remedies
Consumer Rescission: State law allows cancellation
Backup Withholding: 24% withholding if TIN missing
Regulatory Fines: Breach of disclosure statutes

eSignature vendor pricing and feature snapshot for Listing Agreement workflows

This comparison summarizes starting prices and common feature availability among leading eSignature providers to inform platform selection for Listing Agreement execution.

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, no credit card 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 Listing Agreements and e-signatures

Answers to frequent questions about completing, signing, and storing Listing Agreements, including eSignature and state-specific concerns.


Need help? Contact support

be ready to get more
Join over 28 million airSlate SignNow users