Agency
What is a 'net listing' and is it permitted in Nevada?
AA listing where the agent receives a flat fee regardless of sale price
BA listing where the agent's compensation is the amount above a specified net price the seller wants — net listings are legal in Nevada but strongly discouraged because they create conflicts between agent and seller interests✓ Correct
CA listing for properties with net zero energy consumption
DA listing used exclusively for commercial properties in Nevada
Explanation
In a net listing, the broker's compensation is any amount received above a specific net price the seller requires. For example, if the seller wants $400,000 net and the property sells for $450,000, the broker keeps $50,000. While technically legal in Nevada, net listings are strongly discouraged because they can create conflicts of interest — the agent might delay listing to wait for a high offer to maximize their own profit, or fail to disclose the agent's large commission to the seller. Most professional associations recommend against net listings.
Related Nevada Agency Questions
- Under Nevada law, can a real estate licensee represent themselves as a buyer without disclosing their license?
- In Nevada, what is the agent's obligation when a buyer asks for the seller's 'bottom line' price?
- In Nevada, what is an agent's duty when the buyer asks whether there are any neighborhood noise issues?
- A Nevada buyer's agent learns that their buyer-client is willing to pay up to $520,000 for a property listed at $499,000. What must the agent do with this information?
- What is 'reasonable care and diligence' as a duty owed by a Nevada real estate licensee?
- What is a 'seller's agent' sometimes called in Nevada, and what are their primary duties?
- What is a Nevada licensee's obligation to keep personal funds out of the trust account?
- In Nevada, what is a 'material relationship' that must be disclosed under NRS 645?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →