net listing

Englisch - Englisch

Definition von net listing im Englisch Englisch wörterbuch: A listing which provides that the agent may retain as compensation for his services all sums received over and above a net price to the owner; An employment contract in which the broker receives as commission all excess monies over and above the minimum sales price agreed on by broker and seller Because of the danger of unethical practices in such a listing, its use is discouraged in most states (See listing agreement); A listing based on the net price the seller will receive if the property is sold Under a net listing the broker can offer the property for sale at the highest price obtainable to increase the commission This type of listing is illegal in many states (Illegal in the State of New Hampshire); The marketing for sale of a property under an agreement between the agent and the owner in which the parties agree to a sale price (the net price) The vendor is guaranteed to receive the net price while the agent's commission is equal to the amount in excess of the net price for which the property actually sells May not be legal in some jurisdictions; a listing in which the broker's commission is the excess of the sale price over an agreed-upon (net) price to the seller; illegal in so -me states; A listing agreement whereby the owner receives a set amount and the broker receives all above that amount; A listing agreement which provide that the seller receive a specified amount of money regardless how much is paid for the property In a net listing, it is anticipated the sale price will be higher than the net and the broker will receive the difference This type of listing is illegal in some states; A price, which must be expressly agreed upon, below which the owner will not sell the property and at which price the broker will not receive a commission; the broker receives the excess over and above the net listing as his commission; A price, which must be expressly agreed upon, below which the owner will not sell the property and at which the broker will not receive a commission; the broker receives the excess over and above the net listing price as commission The broker in this type of listing will have a very hard time maintaining his fiduciary responsibilities to his seller since his interests are potentially at odds with the interests of the seller; Listing agreement where the broker's commission is an amount above a net price set by the owner If that price is not met, a commission is not earned; A listing agreement in which the seller specifies a fixed net amount he wants to receive upon sale of property and the brokerage firm receives a sum in addition to that for services rendered Not legal in some states; A listing which provides that the agent may retain, as compensation for his services all sums received over and above a net price to the owner