Declaration of Disclosure of Real Estate – The seller of the property is legally obliged to provide this disclosure to the Buyer, unless the Buyer signs a document that waives this right. Tennessee Listing Agreements are legal documents describing the relationship between a person wishing to sell their property (the client) and a real estate agent (the agent). In the contract, both (2) parties must indicate the nature of the agreement, the negotiated duration of the agreement and the percentage of the sale price received by the broker as a commission on the sale of the property. Alternatively, when selling, the agent`s commission can be determined as a lump sum in dollars instead of a percentage. Once the contract is signed, the agent obtains full power to act as the seller`s representative when selling his property. . . .