What document allows a real estate broker to market a property for sale?

The listing agreement is the document that grants a real estate broker permission to market a property for sale. This legally binding contract outlines the terms and conditions under which the broker will operate to find a buyer for the property. It details the responsibilities of both the seller and the broker, including the duration of the agreement, the asking price, and any commission that the broker will earn upon the sale of the property.

By having this agreement in place, the broker can actively list the property on multiple listing services (MLS), advertise it, host open houses, and engage in other marketing efforts requisite to attract potential buyers. This authorization is crucial for the broker to act on behalf of the seller and to represent their interests effectively. The listing agreement serves as the foundation for the broker's role in the real estate transaction process, ensuring both parties are clear on their commitments and rights.