Which form outlines the agreement between a real estate agency and a vendor?

The agency agreement is the essential document that establishes the formal relationship between a real estate agency and a vendor. This agreement outlines the terms under which the agency will represent the vendor in the sale or lease of a property. It typically includes details such as the agency's responsibilities, the duration of the agreement, commission structures, and any other specific conditions agreed upon between the parties.

This document is crucial as it legally binds the agency and the vendor, ensuring both parties understand their responsibilities and obligations in the transaction process. It serves as the foundation for the agency's authority to act on behalf of the vendor and helps protect the interests of both parties throughout the business relationship.

In contrast, other options such as tenant application forms, residential management agreements, and tenancy agreements pertain to different aspects of real estate transactions, such as rental applications or property management, rather than the foundational agreement between a vendor and a real estate agency.