New Jersey License Law
Which of the following describes a net listing in New Jersey?
AA listing where the broker earns everything above a minimum set by the seller✓ Correct
BA listing with a fixed commission regardless of sale price
CA listing that expires if not sold within 60 days
DA listing where the broker represents both buyer and seller
Explanation
A net listing is one where the broker's commission is the amount above a net price set by the seller. Net listings are considered unethical and are discouraged or discouraged in many states due to conflicts of interest.
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