What does a listing agreement authorize a real estate agent to do?

A listing agreement primarily authorizes a real estate agent to sell the property on behalf of the owner. This legally binding contract establishes the agent as the representative of the property owner in the sale process. It outlines the terms under which the agent will operate, including the listing price, duration of the agreement, and the commission structure.

By signing the listing agreement, the owner grants the agent permission to market the property, handle offers, negotiate terms, and facilitate the transaction through to completion. This role is central to the agent's responsibilities in managing the sales process, ensuring that the owner's interests are prioritized and actively pursued.

In contrast, the other options do not accurately depict the primary function of a listing agreement. Managing rental properties usually pertains to property management agreements, conducting property valuations relates to appraisal activities, and providing financing options involves aspects of mortgage brokerage or lending, none of which falls within the scope of what a listing agreement authorizes an agent to do.