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. I listed my property for sale with a broker and the broker has done nothing about selling the house.Can I break my contract and list with someone else? This part of the listing agreement is all about the seller agreeing that they have the right to sell the property free and clear (other than a mortgage). Note: The Texas Association of Realtors and TREC update promulgated forms regularly. A residential listing agreement is an employment contract between a property owner and a real estate broker. This is another negotiated fee of the contract. Want to learn MORE about getting your real estate business off the ground? 115 East Agarita Ave. A listing agreement is a contract between a property owner who hires a real estate agent to act as their broker.