What is a listing agreement primarily concerned with?

A listing agreement is fundamentally a contract that defines the relationship between the seller of a property and their real estate agent. This agreement outlines various important aspects, such as the terms of the sale, the duration of the agreement, the commission structure for the agent, and the responsibilities of both parties. It serves as a formal and legally binding document that protects the interests of both the seller and the agent during the process of selling the property.

Understanding the dynamics of a listing agreement is essential for anyone involved in real estate transactions, as it governs how the sale will be conducted and establishes clear expectations for all parties involved. The other options presented do not accurately capture the primary purpose of a listing agreement, as they pertain to different types of relationships and agreements within real estate and mortgage contexts.