ContractsQuestion 60 of 120
A 'net listing,' which is discouraged or restricted in many jurisdictions, is one in which:
a.The seller pays a flat government fee
b.The buyer and seller split the commission
c.The broker receives no compensation at all
d.The broker keeps any amount above a net price the seller specifies
Explanation
In a net listing, the seller sets a net amount they want to receive, and the broker keeps any sale proceeds above that figure as commission. This arrangement creates a conflict of interest and is prohibited or restricted in many states. Licensees should be cautious and follow state law.
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