Net listing clause allows broker to collect commission equal to what?

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Multiple Choice

Net listing clause allows broker to collect commission equal to what?

Explanation:
In a net listing, the seller specifies a net amount they want to receive from the sale, and the broker’s commission is the amount by which the final sale price exceeds that net figure. For example, if the seller wants to net $300,000 and the property sells for $360,000, the broker earns $60,000 (the difference between the sale price and the net amount). If the price doesn’t reach the net amount, the broker may receive little or no commission, depending on the contract and local laws. Net listings are restricted or banned in many areas because they can create conflicts of interest, so they’re less common.

In a net listing, the seller specifies a net amount they want to receive from the sale, and the broker’s commission is the amount by which the final sale price exceeds that net figure. For example, if the seller wants to net $300,000 and the property sells for $360,000, the broker earns $60,000 (the difference between the sale price and the net amount). If the price doesn’t reach the net amount, the broker may receive little or no commission, depending on the contract and local laws. Net listings are restricted or banned in many areas because they can create conflicts of interest, so they’re less common.

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