This agreement gives the real estate agent the right to list, market, and sell the property in exchange for a commission. Seller shall have an agency relationship with ONLY Brokerage Firm, Designated Agent and.Supervisory Broker named above. 2. More than 99 percent of the listing contracts now written in Michigan are written on printed forms in which the parties fill in the blanks. 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. 1. Complete this MLS Agreement Form and all applicable Realcomp II Ltd. Land Contract terms must include complete and specific terms, i.e. Specific Down Payment, Interest Rate, Monthly Payment, and Early Payoff (if any). You and your Realtor will likely review this contract in detail and fill it out together. In Michigan, every time a listing agreement is signed, a real estate agent is entering into a service provision agreement with their client.