---
title: "Listing agreement — What It Means | Ondo RE"
canonical: https://www.ondorealestate.com/glossary/listing-agreement/
---

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Selling a home[All terms starting with L](/glossary/#letter-L)

# Listing agreement

The contract between a seller and a brokerage authorizing marketing of the property and setting compensation and duration.

It defines the term, the price, the brokerage’s authority to market and show, and how compensation works. It is a contract for services, and its length and cancellation terms are negotiable.

Read the duration and any protection period, which can entitle the brokerage to compensation if a buyer it introduced returns after expiry.

## Related terms

- [MLS (Multiple Listing Service)The cooperative database brokerages use to share listings and the source most consumer portals draw from.](/glossary/mls/)
- [CMA (Comparative Market Analysis)An agent’s pricing analysis built from recent comparable sales, active listings, and expired listings nearby.](/glossary/cma/)

## More in Selling a home

- [CMA (Comparative Market Analysis)](/glossary/cma/)
- [Days on market (DOM)](/glossary/days-on-market/)
- [List-to-sale price ratio](/glossary/list-to-sale-ratio/)
- [MLS (Multiple Listing Service)](/glossary/mls/)
- [Net proceeds](/glossary/net-proceeds/)
- [Seller’s disclosure](/glossary/sellers-disclosure/)

## Have a question about your own situation?

Ondo handles brokerage, lending, property management and notary under one roof, so the answer does not change depending on who you ask.

[Talk to Ondo](/contact/)[Browse all terms](/glossary/)