Listing Agreement (RE-16)

The Listing Agreement (RE-16) is the document that formally hires Real Estate Two70 to represent you in the sale of your property. It’s where the seller and brokerage agree on the scope of representation, the listing term, marketing and MLS authorization, compensation, and how the transaction will be handled from “go live” through closing.

What the RE-16 Does

The RE-16 is the foundation of the seller-side relationship. It generally covers:

Representation: confirms we represent you as the seller and outlines core duties
Authority: authorizes marketing, showings coordination, and MLS entry
Pricing and terms: the listing price and key conditions for offering the property for sale
Compensation: how the brokerage is paid, including how cooperating broker compensation is handled
Timeline: start date, expiration date, and what happens if an offer is negotiated near the end

Key Sections Sellers Should Understand Before Signing

1) Property Information and Legal Accuracy

The listing should reflect correct property facts (address, parcel details, included items, and any special notes). Incorrect information can create renegotiation issues later or trigger compliance problems on the MLS.

If we are waiting on certain details (for example, a property profile from title, HOA documents, or confirming boundaries), we will tell you exactly what is pending and how we will verify it.

2) Listing Price and Strategy

The listing price is not just a number—it sets the strategy. We align price with your timeline, the market, and the level of competition. The RE-16 documents the agreed list price and the authority to market at that price.

3) Listing Term and Exit Conditions

The agreement has a start and end date. Sellers should understand:

How long the listing will run
What happens if a buyer is introduced during the listing period but closes later
How cancellations work (if applicable) and what obligations survive cancellation

We prefer clean timelines and clear expectations so you’re never surprised about what is still “in effect.”

4) Compensation and Cooperating Brokers

In Idaho transactions, it’s common for buyers to be represented by their own agent. The listing agreement documents how compensation is handled and whether the listing brokerage will offer compensation to cooperating brokers through the MLS.

The practical seller question is: What structure helps bring the strongest buyer pool and protects your net? We’ll walk through this in plain language before you sign.

5) Marketing Authorization (MLS + Photography + Online Advertising)

The RE-16 typically authorizes us to:

Enter your listing into the MLS
Use photos, video, and marketing text to advertise the property
Distribute the listing through brokerage channels and MLS-connected sites
Place a yard sign (if approved/allowed) and install a lockbox for showings

This is also where we confirm your preferences on showings, timing, and any restrictions (pets, occupancy, notice required, etc.).

6) What Is Included and Excluded in the Sale

One of the most common sources of conflict is “I thought that was included.” We use the listing agreement and MLS listing details to document:

Included items (appliances, fixtures, outbuildings—only if intended)
Excluded items (personal property, sentimental fixtures, specific equipment)
Any items that are negotiable

If you have any doubt, we document it in writing early.

7) Seller Responsibilities During the Listing

Sellers are not expected to be perfect, but you are expected to be consistent. Typical seller responsibilities include:

Provide accurate information to the best of your knowledge
Complete required disclosures honestly and completely
Maintain reasonable access for showings (within agreed boundaries)
Keep the property in similar condition as when buyers made offers
Communicate changes (repairs, damage, occupancy changes, utility issues)

How RE-16 Fits Into the Two70 Seller Process

Pre-Listing Appointment: strategy, timing, prep plan
Agency Disclosure Review: representation clarity
Sign RE-16: formal authorization to list and market
Disclosures + Title Profile: reduce surprise issues early
Marketing Setup: photos, lockbox, sign, MLS build
Go Live + Showings: feedback, adjustments, negotiation

Want Us to Review Your Listing Agreement Line-by-Line?

We do not rush sellers through the RE-16. If you want a clear walkthrough of how the agreement works, what each section means, and how it applies to your property, schedule a pre-listing appointment and we’ll go through it in plain language.

Schedule a Pre-Listing Appointment Start With the Pre-Listing Appointment

Related Seller Process Pages

Note: Some links may be new pages we’re building next in this Seller Guides & Process series.

FAQ

Do I have to sign the RE-16 to get a pricing opinion?

No. We can discuss pricing and strategy during a pre-listing appointment. The RE-16 is for when you’re ready to formally authorize the listing and marketing process.

Can I limit showings or require notice?

Yes. We’ll document reasonable showing instructions and coordinate access accordingly. Keep in mind: tighter restrictions can reduce buyer activity, so we’ll discuss the tradeoffs.

Is my listing automatically posted everywhere online?

Once your listing is in the MLS, it may distribute to other sites depending on MLS rules and participating platforms. Accuracy in the MLS is important because many websites display what the MLS provides.

What should I double-check before signing?

Confirm the property details, list price, term dates, included/excluded items, showing instructions, and the compensation structure. If anything is unclear, ask before signing.