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. Selling your home and not sure what a listing agreement is?Our comprehensive guide will help you navigate this crucial contract with ease. A legally-binding contract that creates an agency relationship authorizing a broker to serve as the agent for a principal in a real estate transaction. Firms are using right to list agreements to generate business, but some are getting into legal trouble. Sellers must fill out the Tennessee Residential Property Condition Disclosure (RF201) form so it can be presented to buyers before they submit an offer. ☐ Transaction Broker without a written Listing Agreement, but with a Compensation Agreement. Sale or lease nor did it require a listing agreement to place signage in a yard.