Agency
A net listing is:
AA listing that specifies a minimum net amount the seller must receive; the broker keeps everything above that amount✓ Correct
BA listing tied to the MLS network
CA listing with a fixed commission regardless of sale price
DA listing used exclusively for investment properties
Explanation
A net listing sets a minimum net price the seller receives; the broker keeps any amount above that as commission. Net listings are legal in California but strongly discouraged by the DRE because they create a conflict of interest and potential for fraud.
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