When a seller has more than one property to sale, is it appropriate to for the broker to use one listing agreement for both properties? No. A buyer representation agreement is a private contract between the buyer and the real estate broker, not the sales agent.In addition to MLS Listing, Broker will advise and represent Seller in all contract and repair negotiations and complete all necessary documentation. A listing agreement is a legally binding contract between you and your real estate agent's brokerage that outlines the terms of your partnership. Trigger for Payment of Commission. Fill out the documents, upload photos, and provide a description. 5. It is a contract between a real estate agent or broker and a seller, outlining the terms and conditions under which the agent will market and sell the property. The listing agreement is a contract that lays out specific, agreedupon terms, giving the real estate agent permission to market a home to buyers. Please note you cannot cancel an MLS listing if the home is currently under contract, as this is against MLS rules. The agreement allows the broker to act as an agent and find a buyer for the property on the seller's terms.