Maine License Law
In Maine, 'net listing agreements' are:
ARequired for all residential transactions
BGenerally discouraged and considered unethical by the MREC✓ Correct
COnly allowed in commercial transactions
DThe most common form of listing agreement
Explanation
Net listings, where the seller specifies a net amount and the broker keeps anything above that as their commission, are generally discouraged and considered unethical in Maine because they create a conflict of interest between the broker and seller.
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