What does "listing agreement" refer to?

A "listing agreement" specifically refers to the contract established between a seller and a real estate agent. This legal document outlines the terms under which the agent agrees to market and sell the property on behalf of the seller. It delineates important aspects such as the duration of the agreement, the commission structure, and the responsibilities of both the agent and the seller.

Through this agreement, the seller grants the agent the authority to represent them in the sale, thus creating a professional relationship centered on the transaction of real estate. The listing agreement is crucial as it not only formalizes the relationship but also sets clear expectations for both parties involved, ensuring that all legalities are adhered to during the selling process.

Other options provided do not accurately describe a listing agreement; for instance, a document showing a property’s appraisal pertains to property valuation rather than the seller-agent relationship. Similarly, forms for mortgage applications are related to securing financing, and a list of available properties does not convey the personalized terms of an agreement between seller and agent.