As a rule, there are separate information agreements for the sale of real estate, land and commercial or commercial real estate. [2] [Clarification required] Which of the following is a similarity between an open list and an exclusive agency list? In an exclusive agency list, only 1 broker has the right to represent the seller, but the seller has the right to sell his property without the broker and without paying a commission. A listing agreement is a document in which a property owner has assigned a contract with a real estate agent to find a buyer for the owner`s property. The owner executes the listing contract in order to give a real estate agent the power to act as the owner`s broker when selling the owner`s property. However, the owner usually has to pay a commission to the real estate agent. A listing contract empowers the broker to represent the contracting entity and the property of the contracting authority to third parties, including safeguarding and submitting bids for the property. . . .