This guide will help you to understand the changes and the proper way to fill out the forms. Clark clears confusion surrounding new rules with real estate agent commissions for home buyers and sellers.A residential listing agreement is an contract between a property owner and a real estate broker where the broker lists the property for sale. 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. The listing agreement requires the seller to pay a commission to the broker if the broker is the procuring cause of a sale during the listing term. The document is an exclusive listing contract between a seller and Urban Search Corporation of Chicago, a brokerage firm, to sell a residential property. Curious how to fill out a listing agreement? This video covers the Tennessee Realtor Form Exclusive Right To Sell Listing Agreement. What is a Listing Agreement? A listing agreement is a contract between a property owner and a real estate agent who the owner hires to act as their broker.