The Listing Agreement

What is involved with the signing of a listing agreement?The listing agreement is a contract between you and your REALTOR®'s brokerage company. It will:

• Provide a framework for subsequent forms and negotiations
  
• Clearly spell out the rights and obligations of all parties, the length of the agreement, and the compensation
  
• Set the listing price, and accurately describe the property (including lot size, building size, style and materials, floor areas, heating/cooling systems, room sizes, and descriptions)
  
• Detail what is, and what is not, included in the sale (As a general rule, fixtures are included; chattels, things which are movable, are not. If necessary, list what stays and what goes under inclusions or exclusions.)
  
• Provide information about annual property taxes, and note any easements, rights of way, liens, or charges against the property
  

The agreement binds both parties to its terms and conditions. You and the listing REALTOR® sign the listing agreement and each of you receives a copy.