📑 Listing Agreement (Brief Summary)
A listing agreement is a contract between a seller and a real estate agent/brokerage. It sets the agent’s authority to market the property, defines commission terms, and specifies the agreement period. ⭐ Why Exclusive Listing Agreements Matter • Guarantees the agent compensation if the property sells during the term—whether the buyer comes from another agent, the seller, or elsewhere. • Motivates the agent to invest fully in marketing and negotiations. • Protects commission: even if the seller finds the buyer, the agent receives at least half of the agreed commission. ⚖️ Bottom Line An exclusive listing agreement ensures the seller gets dedicated representation while the agent is fairly compensated in all scenarios.