Contracts
A Texas net listing is:
AA listing where the seller sets the net amount they want and the broker keeps everything above that as commission✓ Correct
BA listing based on the property's net income
CA listing that nets out all costs before commission
DNot permitted under TREC rules
Explanation
A net listing is one where the broker's commission is the amount above the seller's minimum net. While not illegal in Texas, TREC discourages net listings because they create a conflict of interest and can be used to take advantage of sellers.
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