Once you’ve selected a REALTOR® to market and sell your property, you and the agent may enter into a written, legally binding contract called a listing agreement. The CALIFORNIA ASSOCIATION OF REALTORS® offers its own standard form listing agreements for California REALTORS®, including the Residential Listing Agreement (Exclusive Authorization and Right to Sell) (Form RLA). This standard form stipulates the agreement terms, including the listing price, the listing time period, the broker’s commission, and more. It also informs the seller of issues and legal requirements that may be involved in the process.
In addition to the RLA, C.A.R. offers many other standard form listing and commission agreements. Before you enter into a listing agreement, you may want to thoroughly understand the terms and each party’s respective roles — information that your REALTOR® can provide.