Delaware License LawIntermediateDelaware Exam
Net listings in Delaware are:
ACommonly used and encouraged
BDiscouraged or discouraged because they create a conflict of interest between agent and clientCorrect
CRequired for commercial transactions
DUsed only for bank-owned properties
Why Discouraged or discouraged because they create a conflict of interest between agent and client Is Correct
Answer B: Discouraged or discouraged because they create a conflict of interest between agent and client
Net listings, where the broker keeps everything above a specified net price, create a serious conflict of interest and are discouraged or strongly discouraged in most states including Delaware due to the inherent risk of taking advantage of sellers.
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