Utah License Law
Net listing agreements in Utah:
AAre required by the Division of Real Estate for all residential listings
BAre generally discouraged and may create ethical conflicts because the broker profits from any amount above the seller's net✓ Correct
CAre the most common listing arrangement in Utah
DAre illegal under federal anti-trust law
Explanation
Net listings, where the broker keeps everything above the seller's stated net, create conflicts of interest and are generally discouraged in Utah and most states. They may violate fiduciary duties if the broker does not disclose the full sale price.
Related Utah Utah License Law Questions
- The Utah Division of Real Estate may conduct an audit of a broker's trust account:
- Utah's Recovery Fund has a maximum payment per transaction of:
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- In Utah, which type of listing gives the seller the right to sell the property themselves without paying a commission?
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