Alabama Real Estate Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

Question: 1 / 400

How is the broker’s commission determined in a Net Listing?

Fixed percentage of the selling price

Difference between the selling price and the owner's desired price

A Net Listing is an agreement between a broker and a seller where the broker's commission is determined by the difference between the selling price and the owner's desired price. This option is different from the other choices because it takes into consideration the owner's desired price rather than a fixed percentage or amount. Option A and D do not involve the owner's desired price at all, while option C only considers a target selling price, but not the owner's desired price. Therefore, B is the most accurate explanation of how the broker's commission is determined in a Net Listing.

Get further explanation with Examzify DeepDiveBeta

Amount above a specified target selling price

Fixed amount regardless of selling price

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy