A net listing is:
Why A listing that specifies a minimum net amount the seller must receive; the broker keeps everything above that amount Is Correct
Answer A: A listing that specifies a minimum net amount the seller must receive; the broker keeps everything above that amount
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
People Also Study
Related California Questions
- Under California law, a 'net listing' arrangement where the broker keeps everything above a specified net price to the seller is:DRE & Licensing
- An agent earns 60% of the commission her broker receives. The total commission on a $520,000 sale at 5% is split 50/50 between listing and buyer's broker. How much does the agent earn?Real Estate Math
- When a seller lists a property 'net' — meaning they want a specific amount and the agent keeps everything above that — this arrangement is:Agency
- A broker charges a total 6% commission on a $550,000 sale, split evenly between listing and buyer's sides (3% each). The listing agent receives 60% of the listing side. How much does the listing agent personally receive?Real Estate Math
- A seller wants to net exactly $400,000 after paying a 5% commission. What minimum sale price must be achieved?Real Estate Math
- Under California's 'do not call' requirements, a real estate licensee who receives a 'do not call' request from a consumer must honor that request for a minimum of:DRE & Licensing
- A salesperson sells a home for $540,000. The total commission is 6%, split evenly between the listing and selling brokers. The listing salesperson receives 60% of their broker's side. How much does the listing salesperson earn?Real Estate Math
- In California, which type of listing gives only ONE broker the exclusive right to earn a commission, even if the seller finds the buyer?Agency
Key Terms to Know
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Math Concepts
State-Specific Concepts
Study This Topic
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →