What type of document allows a broker to sell a described real estate property?

A Listing Agreement is a crucial document that authorizes a broker to represent a property owner in the sale of their real estate. This agreement outlines the terms under which the broker will market the property and includes important details such as the property’s description, the asking price, and the duration of the agreement. By signing this document, the property owner grants the broker the exclusive right or authority to sell the property, which allows the broker to take the necessary actions to facilitate the sale.

In contrast, a Purchase Agreement is a contract between a buyer and a seller that outlines the terms of the sale once an offer has been accepted. A Lease Agreement pertains to the rental of property rather than its sale and outlines terms for leasing rather than selling. A Sale Agreement is similar to a Purchase Agreement, used typically after a buyer and seller have agreed on the terms of a sale but does not grant a broker the right to sell a property in the initial stages. Therefore, the Listing Agreement is the specific document that establishes the broker's authority to sell a property.