Agency
A 'net listing' in Louisiana is generally considered:
AA standard and widely accepted listing type
BPotentially unethical because the agent's compensation is the amount above the seller's net✓ Correct
CRequired for commercial properties over $1 million
DIdentical to an exclusive right-to-sell listing
Explanation
A net listing — where the agent keeps anything above the seller's desired net — creates a conflict of interest because the agent benefits from a higher sale price at the seller's expense. It is considered potentially unethical and is legal but strongly discouraged or strictly regulated in many states.
Related Louisiana Agency Questions
- The duty of 'obedience' in a Louisiana agency relationship requires the agent to:
- A Louisiana buyer's agent who advises their client to offer $15,000 below list price is exercising their duty of:
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- A Louisiana real estate agent who uses confidential information obtained from a former client to benefit a new client is violating:
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- A Louisiana buyer's agent who has actual knowledge that a seller's listing price significantly undervalues the property should:
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- In Louisiana, an agency relationship may be created by all of the following EXCEPT:
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