Land Contract terms must include complete and specific terms, i.e. Specific Down Payment, Interest Rate, Monthly Payment, and Early Payoff (if any).1. Complete this MLS Agreement Form and all applicable Realcomp II Ltd. This agreement gives the real estate agent the right to list, market, and sell the property in exchange for a commission. TITLE: Seller represents the title to the Property to be good and marketable title and Seller will execute and deliver a. A land listing agreement is a contract between a land owner and real estate agent that authorizes the latter to find a buyer for the property. You and your Realtor will likely review this contract in detail and fill it out together. Edit, sign, and share Listing Agreement - West Michigan Association of REALTORS online. The MAR form-eliminate the legalese in the listing-contract form that you are presently using. Conclusion. A For Sale By Owner contract in Michigan is also called a "For Sale By Owner purchase agreement".