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TXR 1201 — Farm and Ranch Real Estate Listing Agreement, Exclusive Right to Sell

This listing agreement establishes an exclusive agency relationship between the seller and broker for the sale of farm and ranch property in Texas. It grants the broker the exclusive right to market and sell the property, defines the property in detail (land, improvements, accessories, crops, exclus

Source: TXR
Form Number: 1201
Category: Other
Revised: January 5, 2026

Used For

Farm & Ranch

Form Outline

The TXR 1201 form is organized into the following sections:

  1. Parties
    Names the seller and broker, provides contact information for both, and establishes the exclusive agency relationship granting broker the exclusive right to sell.
  2. Property
    Comprehensively defines the farm and ranch property including land, improvements, accessories, crops, exclusions, and a detailed reservations/exceptions matrix covering minerals, leases, water rights, timber, and more.
  3. Listing Price
    Sets the listing price and establishes that the seller agrees to sell at the listed price or any acceptable price, paying customary closing costs as defined by farm and ranch contract forms.
  4. Term
    Establishes the listing period from a start date to an end date (at 11:59 PM), with a provision voiding the listing if the property is already under contract before it begins.
  5. Broker Compensation
    Comprehensive compensation section covering broker fee structures with or without cooperating broker, when fees are earned and payable, additional compensation for leases and referrals, a protection period after listing expiration, and escrow authorization.
  6. Listing Services
    Establishes MLS filing instructions (including delayed filing option), listing content definitions, copyright licensing from seller to broker, and broker's ownership of broker-created content.
  7. Access to the Property
    Establishes broker's authority to access and show the property, use scheduling companies, place keyboxes, and limits broker liability for losses during showings.
  8. Reserved
    Placeholder section with no current content.
  9. Intermediary
    Establishes whether the broker is authorized to act as an intermediary in dual-representation situations, with three methods for appointing associates to serve each party.
  10. Confidential Information
    Establishes broker's duty of confidentiality for information obtained from the seller, both during and after the listing period.
  11. Broker's Authority
    Comprehensive listing of broker's marketing authority, advertising rights, signage, internet display options, and ten specific marketing activities broker may undertake.
  12. Seller's Representations
    Eleven seller representations covering title, financial status, legal capacity, disclosure accuracy, and district awareness.
  13. Seller's Additional Promises
    Eight affirmative obligations the seller agrees to during the listing period to facilitate the sale and protect broker's interests.
  14. Limitation of Liability
    Broadly limits broker's liability for losses not caused by broker's negligence, including third-party acts, dangerous conditions, and weather damage.
  15. Special Provisions
    Provides space for additional terms or special provisions unique to this listing arrangement.
  16. Default
    Establishes default consequences for both seller (liable for full broker compensation) and broker (seller may pursue legal remedies).
  17. Mediation
    Requires good faith negotiation followed by mediation before litigation, with costs shared equally.
  18. Attorney's Fees
    Mutual attorney's fees provision for the prevailing party in any litigation.
  19. Addenda and Other Documents
    Provides a comprehensive checklist of documents and addenda attached to and forming part of the listing agreement.
  20. Property Condition Disclosure
    Environmental and property condition disclosures specific to the listing, covering nine disclosure categories with a broader scope than the contract form (adds material defects and groundwater districts).
  21. Agreement of Parties
    Standard boilerplate provisions establishing the listing as the entire agreement, with provisions for assignment, binding effect, joint liability, Texas governing law, severability, partial sales, and written notice requirements.
  22. Additional Notices
    Comprehensive advisory notices to the seller covering fair housing compliance, financial due diligence, security, surveillance, regulatory requirements, and wire fraud warnings.
  23. Execution and Signatures
    Final execution section with attorney consultation advisory and signature blocks for broker, broker's associate, and seller(s).

How RaiderX Agents Use This Form

When you upload a signed TXR 1201 to a deal in RaiderX's Deal Manager, it reads the form's key dates and terms and automatically builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing. Forms with a fill map also support e-signature directly inside RaiderX, so you can send this document for signature without leaving the platform.

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