Exam term
Net listing
A compensation method in which the broker keeps the sale proceeds above the owner's desired net amount. It does not decide exclusivity. Many states restrict or prohibit it because it sets the broker's interest against the seller's.
Lessons that use this term
- Agency agreements: listing and buyer representation contracts California
- Listing agreements: types, terms, and a definite termination date California
- Listing contracts and broker compensation Florida
- Listing and buyer agency agreements, and termination of agency New York
- Listing agreements: exclusive right to sell, exclusive agency, open, and net listings Texas