Agency
Net Listing
A concise definition for the California Real Estate Exam study guide.
Definition
A net listing gives the broker the amount above a stated net price. Although the study guide describes it as legal in California, the direct conflict between the broker's incentive and the principal's interest makes it strongly discouraged.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 2: Agency, Fiduciary Duties & Disclosure →