Ohio License Law
Which of the following is TRUE about Ohio's net listing arrangement?
ANet listings are commonly used in Ohio residential sales
BNet listings are discouraged and considered unethical because they create a conflict of interest✓ Correct
CNet listings are required for commercial properties
DNet listings guarantee the seller receives a fixed amount
Explanation
In a net listing, the broker keeps everything above the seller's net price as commission. This creates a conflict of interest because the broker benefits from selling at a higher price regardless of the seller's interest.
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