Georgia License Law
Which of the following best describes the 'net listing' in Georgia?
AA. A common and encouraged listing practice
BB. A listing where the broker receives all proceeds above a set amount — legal but generally discouraged and requiring full disclosure✓ Correct
CC. Illegal in all circumstances
DD. A listing that guarantees the seller a specific net amount
Explanation
A net listing allows the broker to keep everything above the seller's predetermined minimum. While not legal but strongly discouraged in Georgia, net listings are strongly discouraged by GREC and NAR because of the inherent conflict of interest. Full disclosure is essential.
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