What Is a Listing Agreement? A listing agreement is a legal document between a property owner (seller) and a licensed real estate broker.A exclusive listing agreement is a legal contract between a property owner and a real estate agent that gives the agent exclusive rights to sell the property. An open listing agreement is a non-exclusive contract between real estate agents or brokers and the property owner for buying and selling real estate property. A listing agreement is a contract between a property owner and a real estate broker authorizing the broker to represent the seller and find a buyer. 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. (b) In connection with entering into this Agreement, the Member has executed a power of attorney substantially in the form of Exhibit A hereto. Selling your home with a real estate agent? You'll need a listing agreement. What services might be included in a listing agreement?