Agency & LawPregunta 38 de 120
A 'net listing,' where the broker keeps any amount above a price set by the seller, is:
a.Always the best option for sellers
b.Discouraged and heavily restricted because of conflict-of-interest concerns
c.Required for all commercial listings
d.The standard listing type in Texas
Explicación
Net listings create a conflict of interest and potential for the broker to take advantage of the seller, so they are restricted and must be handled carefully where allowed. Most agents avoid them to prevent claims of overreaching.
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- Placing client or earnest money funds into a broker's personal or general business account instead of a proper trust or escrow account is called:
- A listing agreement that gives one broker the right to sell but allows the seller to sell on their own without owing a commission is a(n):
- Under an 'exclusive right to sell' listing, the broker earns a commission:
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- An agent must present to the seller:
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