Agency
A net listing in Arkansas is:
AProhibited under all circumstances
BAllowed but discouraged because of potential conflict with the broker's fiduciary duty✓ Correct
CThe most common type of listing used
DRequired for commercial transactions over $1 million
Explanation
A net listing, where the broker keeps everything above the seller's minimum net price, is legal in Arkansas but strongly discouraged and considered unethical because it creates a conflict of interest—the broker profits more by securing a higher price, which may conflict with the seller's interests.
Related Arkansas Agency Questions
- In an Arkansas real estate transaction, the agent who represents the seller is typically called the:
- In Arkansas, when a licensee works with a buyer but has NO written buyer-agency agreement, the licensee is presumed to be:
- An Arkansas buyer's agent learns that their buyer client is willing to pay up to $250,000 for a property listed at $235,000. The agent:
- A buyer asks their agent not to disclose they are paying cash (no financing contingency). The agent should:
- A buyer's agent accepts a referral fee from a home inspector. This is:
- A buyer's agent discovers that their buyer-client has a maximum budget of $300,000 but the seller is asking $280,000. Under buyer agency, the agent should:
- Stigmatized property refers to a property that:
- Agency by ratification is created when a principal:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →