Agency
Which of the following best describes a 'net listing' in New Mexico?
AA listing where the broker earns commission as a percentage of the sale price
BA listing where the broker keeps all proceeds above a set net amount to the seller✓ Correct
CA listing with multiple brokers
DA listing for commercial properties only
Explanation
In a net listing, the seller specifies a net amount they want to receive, and the broker keeps everything above that amount as commission. Net listings are discouraged or discouraged in many states (including NM) due to conflict of interest.
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