Common Contracts
1 similar Agency Listing Agreement contracts
Agency listing agreementAgency Listing Agreement • August 26th, 2021
Listing agreements are employment contracts between the sellers of real estate and real estate brokers for the professional services of the broker. The listing agreement creates an agency and fiduciary relationship between the seller and the broker, with the seller being the principal and the broker as his agent. The broker usually has salespeople working for her to provide the services, consisting mainly of finding buyers for the property. However, the salespeople work for the broker and not the seller. Only the broker represents the seller.Most states require that listing agreements be in writing and are usually based on standardized forms.Types of Listing Agreements There are several types of listing agreements that vary according to the exclusivity of the agreement.The exclusive-right-to-sell listing allows only the broker and her agents to represent the seller. With this listing, the broker is entitled to a commission even if the seller sells his property on his own without using
