A Mississippi real estate listing agreement is used to grant a real estate agent the right to list and market the property according to the conditions set on the form. The agent may either receive exclusive right to sell as the sole party authorized to produce buyers, exclusive agency rights where they receive commission only if the agent finds a buyer, or open listing rights where the seller is able to enter into listing agreements with other agencies.

In all listing arrangements, if the agent secures a willing buyer, they are owed a commission fee, which may either be a percentage of the final sale amount or a fixed fee. Once the agent and property owner sign the form, both parties are bound to the agreement terms until a sale is closed or the expiration date is reached.

• Laws – § 1601 3.2(b)
• Dual Agency (§ 1601-4.3-C) – A real estate broker may represent both the buyer and seller involved in the same real estate transaction if both parties consent to the arrangement and provide their signatures on a written agreement.
• Purchase Agreement – The terms and conditions of a real estate transaction are recorded by a prospective home buyer in this legal document, allowing them to make a purchase offer on a residential property.