Contracts
A net listing in Oklahoma is a listing agreement where:
AThe commission is a fixed percentage of the sale price
BThe broker receives any amount above the seller's specified net proceeds as commission✓ Correct
CThere is no commission until the property sells
DThe broker is paid only for documented marketing expenses
Explanation
A net listing sets a minimum amount the seller wants from the sale; the broker keeps any excess above that amount as commission. Net listings are legal in Oklahoma but are discouraged by OREC and NAR because they create a conflict of interest.
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