West Virginia License Law
Under West Virginia license law, a 'net listing' is:
AThe most common and recommended type of listing agreement
BPermitted but strongly discouraged as it creates conflicts of interest and may lead to disciplinary action✓ Correct
CIllegal in all circumstances
DRequired for all luxury property listings
Explanation
A net listing (where the seller specifies a net amount they want and the broker keeps everything above that amount) is legal in West Virginia but strongly discouraged. It creates a conflict of interest — the broker may be motivated to misrepresent value — and WVREC may scrutinize such arrangements.
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