The correct RLA has "Exclusive Right to Sell. " Paragraph 2 – Terms of Listing Agreement 2.A listing agreement is a contract between homeowners and brokers that legally establishes how a realtor will find a property buyer on the seller's behalf. COMPENSATION TO BROKER: Seller agrees to pay to Broker as compensation for services under this Agreement, the amount specified in paragraph 2C(1). This is a tutorial on the residential listing agreement car form rla. A residential real estate sale transaction usually begins at the time a broker obtains an agency contract in the form of a listing from the property owner. Under this method, if the lender will not make the loan, then the buyer will not be in breach of contract, the. How to fill out the California REALTORS Modification of Agreement Form? A California real estate listing agreement is a type of contract used to grant authority to a real estate broker to sell residential property for a seller.