a seller representation agreement, also known as a listing agreement, is an agreement between a seller of real estate and a brokerage firm that provides detailed information on the property being sold. the agent relies on the information contained in the seller representation agreement to respond to questions asked by prospective buyers. the agreement provides the start and end date of the contract, and the amount of compensation that the broker will receive, subject to certain terms and conditions of the contract. when a property seller engages a brokerage to sell a property, the seller must commit to paying the brokerage a commission fee subject to certain terms and conditions. the commission fee is negotiated between the seller and the brokerage and is contingent on various factors such as the duration of the sale, labor costs, advertising, market competition, etc. typically, the percentage commission ranges from 2% to 5% of the sales price.