net listing
- An agreement where the agent who sells a property keeps the excess of the selling price over a pre-determined sum as payment
- When selling the house, the homeowner agreed to a net listing, so the agent would keep any amount over the set price as his commission.
- The owner of the commercial property chose to use a net listing to potentially give more incentive to the agent.
- Using a net listing can result in a larger payment for a real estate agent if they manage to sell the property above the specified price.
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