Nevada License Law
What is 'net listing' in Nevada and what is its legal status?
AA net listing is the most common type in Nevada
BA net listing (where the broker keeps everything above the seller's minimum price as commission) is discouraged under NRS 645 and NREC regulations as creating a conflict of interest✓ Correct
CNet listings are allowed only for commercial transactions
DNet listings are required to be disclosed to NRED but are otherwise legal
Explanation
Nevada prohibits net listings because they create a direct conflict of interest — the broker benefits financially from accepting a lower price that still exceeds the seller's minimum. This violates the listing broker's fiduciary duty of loyalty to the seller.
Related Nevada Nevada License Law Questions
- What does the term 'designated broker' mean under Nevada license law?
- What is the Nevada requirement for an agent to disclose a material fact about a property?
- Under NRS 645, which of the following is considered unprofessional conduct by a Nevada licensee?
- What happens when a Nevada real estate licensee is found guilty of making a false promise to a client?
- Which state agency regulates real estate licenses in Nevada?
- What is the Nevada regulation regarding 'advertising' by real estate licensees?
- How long must a Nevada broker retain transaction records after closing?
- A Nevada licensee who acts as a principal in a real estate transaction (buying or selling for their own account) must:
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →