Updated December 28, 2022
A Michigan real estate agent listing agreement is a legal contract that outlines the relationship between a real estate agent and a seller of real estate (principal). Although there are multiple types of listing agreements, an Exclusive Right to Sell is the most conventional choice for Michigan brokers. This agreement gives the real estate agent the right to list, market, and sell the property without intervention from any third party. The agent, bound by the terms and conditions of the contract, must always keep the principal’s best interests in mind. After the closing of the sale, the broker will earn a commission, i.e., a percentage of the sale price.
Agency Disclosure Form (§ 339.2517) – Real estate agents must disclose in writing the relationship between client and agent before the client shares any confidential information.
Dual Agency (§ 339.2517) – Real estate agents may represent both buyer and seller as long as both parties agree in writing.
Property Disclosure Statement (§ 565.957) – Sellers of real estate must furnish each prospective buyer with this state-mandated disclosure form.
Search for Licensee – Search by name, license number, or license type/location at Michigan’s Department of Licensing and Regulatory Affairs website.
Realtor Version
Michigan Assoc. of Realtors Listing Agreement (Revised 2013) – Adobe PDF