A corporate governance agreement is a legally binding contract that governs the working relationship between a company and its shareholders. You will need forms for the various permits that are required.Keep in mind, filling out these worksheets and forms is NOT equivalent to applying for a permit. All residential rental properties within the corporate limits of Salt Lake City are required to maintain a valid, unexpired business license for each location. The Salt Lake Board of Realtors is the Wasatch Front's voice of real estate and the No. 1 source for housing market information. Besides complying with Clause 49 of the Listing Agreement, your Company has adopted various practices and set responsible standards of business. 1. An exclusive right to sell listing agreement is a legal contract between a seller and a real estate broker or agent to sell a property. Businesses operated out of a home are exempt from a Salt Lake City business license unless the business creates a residential impact. Commercial Business. Besides complying with Clause 49 of the Listing Agreement, your Company has adopted various practices and set responsible standards of business. 1.