Listing Agreement

A listing agreement is a formal contract between a property owner and a real estate agent or broker. It outlines the terms under which the agent will market and sell the property. This includes details like the listing price, duration of the agreement, agent commissions, and the responsibilities of both parties. The agreement ensures that the agent has the authority to represent the property and actively seek buyers, while the owner agrees to work exclusively with that agent during the specified period. It helps streamline the selling process and protects the interests of both sides.