How do I complete a listing agreement?

What is a listing agreement?

The listing agreement is a contract between you and the Realtor. It is a framework for subsequent forms and negotiations. Both you and the listing Realtor sign the listing agreement. You should let your lawyer review the agreement.

The listing agreement identifies your property. It spells out the rights and obligations of all parties. It also lists what is included and what is not included in the deal.

What is the fine print?

• The Realtor is appointed to find a purchaser for your house.
  
• The start and expiry date is indicated.
  
• The compensation is specified.
  
• The property is identified in detail. You list what stays (fixtures) and what goes (chattels). You may specify 'inclusions' and 'exclusions.'
  
• The list price is stated.
  
• The financial details are exposed: mortgage balance, monthly payments, property taxes, easements, liens, and charges again the property.