What does the term "listing agreement" refer to?

The term "listing agreement" specifically refers to a contract between a seller and a real estate agent. This type of agreement authorizes the agent to represent the seller in the sale of the property. Through this contract, the seller grants the agent the right to market and advertise the property, facilitate showings, negotiate on behalf of the seller, and ultimately seek a buyer. The listing agreement typically outlines the terms of the relationship, including the commission rate, the duration of the agreement, and any specific conditions that govern the sale.

The other choices pertain to different aspects of real estate transactions but do not accurately describe a listing agreement. For instance, a legal document for transferring property ownership would be a deed, while a form used to assess property taxes relates to valuation processes rather than listing. Additionally, a contract for purchasing a home at auction refers to a completely separate transaction method. Thus, the correct definition aligns with the nature and purpose of a listing agreement as it specifically involves the relationship between a seller and an agent in the context of property sales.