The new RLA does not provide for any buyer's agent compensation to be included. A listing agreement is a contract between a property owner who hires a real estate agent to act as their broker.Click here to learn what to look out for. Been set forth in the written listing agreement or the written offer to purchase). Complete listing of state and local associations, MLSs, members, and more. Location allows for unparalleled access to all major markets in the Greater Los Angeles area.