Delaware License Law
What does 'net listing' mean, and how is it treated under Delaware license law?
AA listing where the agent receives a fixed percentage commission regardless of sale price
BA listing where the broker keeps everything above a stated net amount to the seller — generally disfavored and potentially discouraged due to conflicts of interest and risk of fraud✓ Correct
CAn online listing service where the property is marketed on multiple websites
DA listing agreement requiring the agent to net the seller at least the appraised value
Explanation
A net listing allows the broker to keep any sale proceeds above the seller's stated minimum net. It creates an inherent conflict of interest because the broker benefits from a higher price but has an incentive to underprice the seller's minimum net. Net listings are discouraged in many states and disfavored by state regulators; Delaware licensees should avoid them.
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