The Participant must take each of the following steps: (i) The Participant must first establish with that consumer a lawful broker-consumer relationship. Many include a renewal clause, which provides an option to extend the listing period if both parties agree.What do you do when the real estate listing agreement expires? I am a sales agent and am not sure how to fill out the listing agreement form. The listing agreement is a contract that lays out specific, agreedupon terms, giving the real estate agent permission to market a home to buyers. A listing agreement is a legally binding contract between the seller (you) and the real estate brokerage that helps you sell your home. A residential listing agreement is an contract between a property owner and a real estate broker where the broker lists the property for sale. 1. Authority to Sell Property: Seller gives Broker the NON-EXCLUSIVE RIGHT TO SELL the real and personal property. 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. To provide the City of San Antonio.