ContractsCâu 60 / 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
Giải thích
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.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- When a new party is substituted for an original party to a contract, with the consent of all parties, this is called:
- A listing agreement in which the broker earns a commission only if that broker procures the buyer, but the seller may also sell independently without owing a commission, is a(n):
- Under an 'exclusive right to sell' listing, the listing broker earns a commission:
- If a buyer and seller mutually agree to cancel their contract and return to their pre-contract positions, this is called:
- The transfer of one's rights and obligations under a contract to another person is called:
- A contract signed by a minor is generally considered:
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