Listing Agent Law and Legal Definition

A listing agent is an agent of the seller who markets the seller's property and represents the seller during the sale and the closing of the seller's property. In a sale by auction, he or she handles many of the traditional real estate functions and shares the commission based on the amount of involvement and the relationship defined by the two parties. This relationship may be created when a local auction or real estate company are needed or when a real estate agent refers to seller to the option of an auction and the agent is not an auctioneer. A listing agent may also be referred to as a co-broker or listing broker.