An Arizona real estate listing agreement establishes the terms and conditions of the arrangement between a real estate agent/broker and an individual selling real property. Aside from information pertaining to the property, the listing contract outlines the sale price, the length of the listing term, the agent’s compensation, and the duties and obligations of both parties.

The agent and seller will negotiate whether the listing arrangement will grant an “exclusive right to sell” and “exclusive agency.” The former means compensation is provided to the agent no matter how a buyer is found, the latter grants compensation to the agent only if they find a buyer. Furthermore, an open listing would enable the seller to seek the services of multiple real estate agents to sell their property.

• Laws – A.R.S. § 32-2151.02(E)
• Dual Agency (A.A.C. § R4-28-1101(F)) – Arizona does allow agents and brokers to represent both buyer and seller in a real estate transaction, but they must obtain written consent from both parties prior to representation using the Consent to Limited Representation form.
• Purchase Agreement – This agreement outlines the purchase arrangement between a buyer and a seller of real estate; a real estate agent or broker my look over the contract to ensure it is fair for both parties.