Contracts
In Ohio, which of the following describes a 'net listing'?
AA listing where the commission is based on a percentage of the sales price
BA listing where the seller specifies the net amount they want, and the broker keeps any amount above that as commission✓ Correct
CA listing where the broker splits the commission with the seller
DA listing where no commission is charged
Explanation
A net listing allows the broker to keep any proceeds above the seller's specified net amount as commission. Net listings are discouraged and potentially legal but strongly discouraged in Ohio because they create a conflict of interest.
Related Ohio Contracts Questions
- What is the difference between a bilateral and unilateral contract in Ohio real estate?
- What is a sale and leaseback transaction?
- What is an addendum for inspection contingency in Ohio?
- What is a 'novation' in Ohio contract law?
- What is the difference between a warranty deed and a grant deed?
- What is an Ohio home sale contingency and how does it affect the seller?
- What is an addendum vs. an amendment in real estate contracts?
- Which of the following BEST describes 'consideration' in an Ohio real estate contract?
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →