Like most contracts, the seller has the right to request a shorter or longer time period if both parties agree. ("Broker") beginning (date).Many include a renewal clause, which provides an option to extend the listing period if both parties agree. A residential listing agreement is an contract between a property owner and a real estate broker where the broker lists the property for sale. Terms of the purchase agreement, listing agreement or another specific contract. The listing agreement is a contract that lays out specific, agreedupon terms, giving the real estate agent permission to market a home to buyers. Jay Street, Santa Clara, California, in the County of Santa Clara.