Contracts
In Wyoming, a net listing agreement is:
ARequired for all ranch transactions
BLegal but discouraged because it creates a conflict of interest for the broker
Clegal but strongly discouraged and discouraged by Wyoming license law✓ Correct
DOnly permitted for commercial properties
Explanation
Net listings, where the broker keeps everything above the seller's minimum net price, are legal but strongly discouraged in Wyoming and many other states because they create a serious conflict of interest between broker and client. The broker may be tempted to manipulate the sale price.
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