Residential Listing Agreement
The contract between a seller and their listing agent that establishes the terms of representation, commission structure, and marketing authorization for selling a property.
When Its Used
Executed at the beginning of the listing process before any marketing begins. Required before placing a property on the MLS or conducting open houses.
Key Sections
Commission rate and structure; Listing period duration; Seller's obligations; Marketing authorization; Dual agency disclosure; Cancellation terms
Common Mistakes
Incorrect property address; Missing initials on commission section; Undefined listing period end date; Forgetting to obtain all owner signatures when multiple parties own the property
Pro Tip
Always verify the legal property address against the title report. Ensure all parties on title sign the agreement. Review commission structure with seller to avoid disputes at closing.
