What is a Listing Agreement?

The listing agreement is a contract between you and Royal LePage Signature. It provides a framework for forms and negotiations, spells out the rights and obligations of all parties, the length of the agreement, and the compensation. It also sets out the listing price, and accurately describes the property (including lot size, building size, style and materials, floor areas, heating/cooling systems, room sizes, and descriptions)

The listing agreement details what is, and what is not, included in the sale (As a general rule, fixtures are included; chattels, things that are movable, are not. If necessary, list what stays and what goes under inclusions or exclusions.)
It also provides information about annual property taxes, and notes any easements, rights of way, liens, or charges against the property
The agreement binds both parties to its terms and conditions. You and and I sign the listing agreement and each receives a copy.

Exclusive or MLS listing agreements... what's the difference?

You will be asked to sign either an Exclusive or MLS listing agreement which gives me an idea of how you want your property advertised and sold. An Exclusive listing agreement gives only Royal LePage the right to sell your property and provides no automatic right for any other agency to bring a buyer.

An MLS listing always includes the right of all other Toronto Real Estate Board (TREB) agencies to participate in the sale of your property and thus increases your exposure to all Toronto Real Estate Board members. Exclusive listings are still used for those sellers who want to keep their sale “quiet” and are not concerned about a lack of exposure.