This guide will help you to understand the changes and the proper way to fill out the forms. 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.This is a basic listing agreement or contract if you will uh between you the agent and the seller the homeowner. 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. Selling your home and not sure what a listing agreement is? Our comprehensive guide will help you navigate this crucial contract with ease. 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. Standard of Practice 3-2 does not preclude the listing broker and cooperating broker from entering into an agreement to change cooperative compensation.