Contracts
In Tennessee, which of the following best describes a 'net listing'?
AA listing where the agent is paid a fixed fee regardless of the sale price
BA listing where the agent retains any amount above the seller's specified net price as commission✓ Correct
CAn MLS listing with no expiration date
DA listing that nets zero commission if unsold
Explanation
In a net listing, the seller specifies a minimum net amount they want to receive, and the broker's compensation is any amount received above that net price. This creates a significant conflict of interest.
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