Agency
A 'net listing' in Illinois is problematic because:
AIt is required by IDFPR for all commercial transactions
BIt creates a conflict of interest since the broker's commission increases the higher the price obtained above the net amount✓ Correct
CIt requires the property to be sold within 30 days
DIt prevents the broker from cooperating with other brokers
Explanation
In a net listing, the broker keeps any amount above a specified net price as commission, creating a conflict of interest — the broker benefits from maximizing the sale price, which may not align with the seller's interests in getting the most accurate market value. IDFPR discourages net listings and may discipline brokers who use them.
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