Open Listing Agreement SALES5 Form
Use a OPEN LISTING AGREEMENT SALES5 template to make your document workflow more streamlined.
What the Open Listing Agreement covers
The Open Listing Agreement SALES5 Form is a real estate agreement that authorizes a broker to seek a buyer without granting an exclusive listing right. It records the property, asking terms, broker compensation, agreement period, and signatures of the parties. Because state real estate rules differ, the parties should verify required disclosures, agency language, and any broker or seller obligations under applicable state law. signNow lets a sender upload the form, place or review fields, route it to signers, and preserve the signed PDF and audit trail.
Who uses this listing agreement
Real estate brokers
Real estate brokers use the agreement to document an open listing relationship, property details, compensation terms, and signature dates before marketing begins.
Property owners
Property owners review and sign the listing terms, while transaction coordinators retain the executed agreement for the brokerage file.
How the Open Listing Agreement works
The Open Listing Agreement SALES5 Form moves from preparation to signature through a controlled digital workflow that preserves the completed record.
Upload the form: Upload the Open Listing Agreement SALES5 Form and let signNow detect fillable fields. Check fields: Review detected fields, then add missing signer, date, and initials fields. Send for signing: Send the agreement to the broker or client by email or signing link. Store records: Track signatures and retain the completed agreement with its audit trail.
Recommended agreement workflow setup
Configure the agreement workflow around signer identity, field accuracy, audit evidence, and the brokerage’s approved retention policy.
| Setting | Recommendation |
|---|---|
| Authentication method | Email verification with SMS OTP |
| Signature type | Electronic signature with signer intent |
| Audit trail | Capture timestamps, IP addresses, and actions |
| Document retention | Follow state brokerage policy and contract needs |
| Encryption | TLS 1.2/1.3 and AES-256 |
Features for open listing agreements
signNow connects the specific SALES5 agreement workflow to field preparation, remote signatures, audit evidence, and brokerage recordkeeping.
Field detection
Upload the SALES5 form, review detected fields, and add missing signer or date fields before routing it to the broker and owner.
Remote signing
Capture broker and owner signatures remotely, reducing coordination around in-person appointments while preserving each signer’s intent and actions.
Reusable template
Use a reusable agreement template to keep property, compensation, and signature fields consistent across listing transactions.
Audit trail
The completed agreement remains paired with an audit trail containing signing events, timestamps, and related activity for the brokerage file.
Signing links
Send a signing link when an owner needs a direct route to the agreement without creating a full account first.
Mobile access
Open the agreement on signNow mobile apps when brokers collect signatures during property visits or other field work.
Best ROI. Our customers achieve an average 7x ROI within the first six months.
Scales with your use cases. From SMBs to mid-market, airSlate SignNow delivers results for businesses of all sizes.
Intuitive UI and API. Sign and send documents from your apps in minutes.
Platform requirements for signing
The Open Listing Agreement SALES5 Form can be prepared in signNow through Chrome, Firefox, Safari, or Edge on Windows and macOS, with mobile access through iOS and Android apps.
Web browsers Chrome, Firefox, Safari, and Edge Desktop systems Windows and macOS desktop access Mobile apps iOS and Android mobile apps
Brokerages should use managed devices, current browser versions, and approved access controls when handling owner contact details and property information. Teams connecting signNow to CRM, storage, or brokerage systems should confirm permissions and retention settings before production use.
Security for signed listing records
Transport encryption:
Stored data:
Security reporting:
Information security:
Electronic signatures:
Privacy controls:
Legal standing of the signed agreement
An electronically signed Open Listing Agreement can be admissible when the parties show intent, consent, attribution, and reliable record retention under ESIGN and applicable state law, including UETA or New York ESRA. Those frameworks exclude wills, certain court filings, and specified family-law documents; state real estate rules still control.
Recordkeeping practices for this form
Preserve the executed agreement as a complete record, while applying the brokerage’s applicable state and transaction-retention policy.
Export the agreement and audit trail
Apply the correct retention policy
Archive the executed record securely
Verify every field before sending
Processing the listing agreement
Processing time depends on accurate property information, signer availability, and any state-specific review required before execution.
Prepare the agreement
Deliver to signers
Collect signatures
Archive the record
State rules and document exclusions
Deed attachment
Wills
Court documents
Family law
Challenges when preparing an open listing
Property addresses, legal descriptions, compensation terms, and agreement dates must match the brokerage’s approved listing records before signature. An open listing can create compensation disputes when multiple brokers introduce buyers or the agreement does not define procuring-cause conditions clearly. Missing agency disclosures or state-required notices may leave the agreement incomplete even when every listed signer has applied an electronic signature. A sender who fails to preserve the signed PDF and audit trail may have difficulty proving the final agreed terms later.
Real estate workflow examples
These examples show how a real estate team can connect an open listing agreement to controlled digital signing and recordkeeping.
Real estate brokerage
Martin Properties describes processing and executing real estate documents online, including mobile and offline work for necessary parties.
- Mobile and offline document execution
Martin Properties founder Tim Martin reported using airSlate SignNow to process and execute documents online, including mobile or offline work. The customer story supports the workflow’s operational fit for a brokerage, but it does not establish that this specific SALES5 form was used.
Regional brokerage
A regional brokerage can use a reusable signNow template to route open listing terms consistently to owners and brokers.
- Reusable template and audit trail
An anonymized brokerage scenario illustrates the document flow without attributing unsupported results to a named company. The brokerage uploads its approved Open Listing Agreement, checks state-required fields, sends it to the parties, and stores the executed PDF with the audit trail.
Pricing and feature comparison
The table uses verified signNow plan information; competitor pricing and feature values are marked Not verified when the supplied vendor data does not confirm them.
| Features | signNow | DocuSign | Adobe Sign | PandaDoc | Dropbox Sign |
|---|---|---|---|---|---|
| Starting annual price | $8/user/month | Not verified | Not verified | Not verified | Not verified |
| Free trial | 7 days, no card | Not verified | Not verified | Not verified | Not verified |
| Reusable templates | Included in Business | Not verified | Not verified | Not verified | Not verified |
| Bulk send | Business Premium | Not verified | Not verified | Not verified | Not verified |
| Audit trail | Included in Business | Not verified | Not verified | Not verified | Not verified |
| HIPAA compliance | Available with BAA | Not verified | Not verified | Not verified | Not verified |
Key performance indicators that demonstrate SignNow's proven track record.
Open Listing Agreement troubleshooting
Resolve field, signer, plan, and state-law questions before relying on the executed Open Listing Agreement SALES5 Form.
On signNow Business, upload the agreement, use field detection, and inspect every detected field before sending. Add missing broker, owner, date, initials, or acknowledgment fields manually, because automated detection does not determine state-specific legal requirements.
The Business plan includes legally binding eSignatures, templates, audit trails, and mobile apps at $8/user/month when billed annually. Business Premium adds bulk send at $15/user/month annually, which is more suitable for repeated listing packages.
Use signNow’s audit trail to document signer actions, timestamps, and IP information. ESIGN and applicable state electronic-transactions law support electronic records when intent, consent, attribution, and accurate retention requirements are satisfied.
For consumer-facing transactions, review the ESIGN consumer-disclosure requirements in 15 U.S.C. §7001(c), including access to electronic records and withdrawal procedures. Obtain required consent before routing the agreement electronically.
Business Premium includes kiosk mode and quick invite links, while the Business plan supports mobile apps and standard signing workflows. Select the plan based on whether an in-office signing station or repeated invitations is required.
signNow is ESIGN- and UETA-compliant, but those frameworks do not replace state real estate requirements. Confirm broker disclosures, agency notices, notarization, and recordkeeping obligations with the applicable state authority or counsel.
BE READY TO GET MORE
Get this form now!
If you believe that this page should be taken down, please follow our DMCA take-down process.