What is the name for the document that serves as a contract between the listing brokerage and the seller?

The document that serves as a contract between the listing brokerage and the seller is called a listing contract. This agreement is crucial in real estate transactions as it outlines the terms and conditions under which the brokerage will represent the seller in the marketing and sale of their property. It typically includes details such as the listing price, the duration of the listing, commission rate, and the responsibilities of both parties involved.

A listing contract establishes the legal relationship and obligations, ensuring that the brokerage has the authority to solicit buyers on behalf of the seller. It formalizes the seller's intent to work with the brokerage and provides a framework for pricing strategies and marketing efforts. This document is foundational in the process of selling a property, as it protects the interests of both the seller and the brokerage.