This is a basic listing agreement or contract if you will uh between you the agent and the seller the homeowner. This is a legally binding contract, if not fully understood seek competent legal advice before signing.A residential listing agreement is an contract between a property owner and a real estate broker where the broker lists the property for sale. This guide will help you to understand the changes and the proper way to fill out the forms. The document is an exclusive listing contract between a seller and Urban Search Corporation of Chicago, a brokerage firm, to sell a residential property. 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. 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. Fully Executed Listing Agreement? Iron Valley Real Estate North Florida. (5).