Idaho License Law
Which of the following is an example of 'net listing,' which is prohibited in Idaho?
AA listing agreement specifying a 6% commission
BAn agreement where the broker receives all proceeds above a set net amount as commission✓ Correct
CA listing with a fixed expiration date
DAn exclusive right-to-sell listing agreement
Explanation
A net listing gives the broker all proceeds above a minimum amount the seller wants. Net listings are discouraged in Idaho because they create a conflict of interest — the broker profits more by obtaining a higher price at the seller's expense, or may misrepresent value.
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