A listing agreement is a legally binding contract between a homeowner and the real estate agent or broker who will be listing the property for sale. The Agreement of Sale is the most important document in a real estate sale.This is the contract that specifies all of the terms of the deal. Agency as the Broker, the Seller consents to the Broker acting in such a role and agrees to. The agreement addresses vital details, including the listing price, the agent's commission, and the timeframe of the contract. The agreement addresses vital details, including the listing price, the agent's commission, and the timeframe of the contract. You and your Realtor will likely review this contract in detail and fill it out together. In the event Broker does not receive the signed Form within said time, Broker may remove the listing from the MLS until the Form is received. A listing agreement is a contract between the seller of a home and a real estate agent. Want to get started with the easiest way to capture, nurture and close real estate transactions?