A Listing Agreement is a legitimate contract between a real estate broker and a property owner that sets out the terms of their relationship. It defines the services to be provided by the broker, such as marketing the property, handling offers, and negotiating terms. It also outlines any commissions or fees to be paid by the homeowner. With a Listing Agreement in place, both parties are clear on the legal parameters that govern their business relationship – making it easier for them to work together successfully.