What does a listing agreement describe?

A listing agreement is a crucial document in real estate transactions that outlines the relationship between a seller and a real estate agent. This agreement specifies the terms and conditions under which the agent will provide services to assist the seller in marketing and selling their property. It details critical aspects such as the listing price, the duration of the agreement, the responsibilities of the agent, and the commission structure.

By explicitly defining these components, the listing agreement establishes clear expectations for both parties, ensuring that the seller understands the agent's role in the sales process and what services will be provided. This clarity helps to foster a professional relationship and facilitates successful negotiations and transactions.

In contrast, other options refer to different types of agreements or proposals that do not align with the primary purpose of a listing agreement. A lease pertains to rental agreements, marketing proposals do not formalize the agent-seller relationship, and agreements among agents relate to cooperation rather than the specific responsibilities outlined in a listing agreement. This distinct focus is what makes the choice regarding the contract between a seller and a real estate agent the most accurate representation of a listing agreement's purpose.