A net listing is a rare kind of agreement between a home seller and their genuine estate agent about the agent's compensation.

You are watching: Net listing illegal in what states

The seller agrees top top a set amount they'll obtain from the revenue of your house.

The seller's certified dealer agrees that the seller gets the amount indigenous the sale of the house. But instead that earning a commission native the sale, as actual estate agents typically do, the certified dealer keeps any kind of proceeds indigenous the sale over the quantity agreed to by the seller.

Net listings space rare since they're widely considered unethical and ripe because that abuse. In numerous states, net listings aren't even legal.

See more: How Many Cups In One Liter Of Milk, How Many Cups Of Water Equal A Liter

» marketing A HOUSE?Connect v a top-rated realtor in your area.


*

The peril of network listings

An unscrupulous agent have the right to put your interest prior to the seller's interest by using a net listing. Here's one possible scenario: