Comments18 ; Chapter 8 Part 3 NC REALTORS Exclusive Right to Sell, Living Area Calculations. Listing Agreements Exclusive Right to Sell Exclusive Agency Open Listing Net Listing Buyer Agency Agreements.A listing agreement is a contract between homeowners and brokers that legally establishes how a realtor will find a property buyer on the seller's behalf. Learn how to fill out a listing agreement properly for Realtors in Texas! Reach out if you need assistance. The concept of Agency Listing vs. Selling Fiduciary vs. Everyone can break a contract, but It all depends on the contract agreement with that brokerage. Unit 8.2--Contract Formation, Offer and Acceptance. The listing agreement is a legally binding contract between the seller and the real estate agent representing them in the sale of their home.