What is a net listing? A) One that specifies the amount the seller is to receive from the sale of the property B) One that specifies the amount of the commission to be paid to the broker C) One that specifies the total amount of the sale of the property and the commission to the broker D) None of these

A net listing is a real estate agreement where the seller specifies the minimum amount they want to receive from the sale of their property. Any amount above that specified figure is considered the broker’s commission. This can lead to brokers being highly motivated to secure a higher sale price, which can sometimes be beneficial for sellers. However, net listings can be a tricky business! Often, they can create conflicts of interest as brokers might not advocate for the seller's best interests. If a property sells for much less than market value, sellers might end up with less than they intended, so it’s crucial to fully understand and consider the implications before entering into such an agreement.