Listing Agreements in Queensland: What You Are Actually Signing

What is a listing agreement?

A listing agreement (also called an appointment of agent form in Queensland) is a legally binding contract between you and your real estate agent. It authorises the agent to market and sell your property on your behalf and sets out the terms under which they will be paid.

In Queensland, real estate agents must use the approved Form 6 Appointment of Agent for residential property sales. This is a standard REIQ form but the commercial terms within it are fully negotiable.

Types of listing agreements in Queensland

• Exclusive listing: One agent has the sole right to sell your property for the agreed period. Even if you find a buyer yourself during this period, you may still owe commission to the agent depending on the contract terms.
• Open listing: Multiple agents can market your property simultaneously and commission is only paid to the agent who actually sells it. Rarely used for residential sales as agents have less motivation to invest marketing resources.
• Conjunctional sale: Your exclusive agent brings in a second agent who has a qualified buyer. Commission is shared between the two agents, not charged additionally to you.