"I tell my agents two things when filling out the listing agreement," says Watrous. A listing agreement is a contract between the consumer and the Employing Broker (Entity).Listing and Buyer Employment Agreements. Written in clear and unambiguous language. The listing agreement is a contract that lays out specific, agreedupon terms, giving the real estate agent permission to market a home to buyers. Typically the Seller lists their home through a Listing Agent using a Listing Agreement Contract. Listing agreements serve as a hiring contract with the agent for the sale of a property, and are only valid for a set amount of time. The list price, and ALL other terms and conditions or original agreement remain the same. A residential listing agreement is an employment contract between a property owner and a real estate broker. A listing agreement is a contract between a property owner who hires a real estate agent to act as their broker.