Agency
A net listing is one where:
AThe seller sets a minimum amount they want to receive, and the agent keeps everything above that amount✓ Correct
BThe commission is a fixed percentage of the sale price
CThe agent and seller split profits equally
DThe commission is set by AREC
Explanation
In a net listing, the seller specifies a net price they want, and the broker's commission is any amount above that price. Net listings are considered ethically problematic (and are legal but strongly discouraged in many states) because they can create a conflict of interest. AREC strictly regulates their use.
Related Alabama Agency Questions
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