net listing

net listing
A type of listing contract whereby the broker is only entitled to a commission to the extent that sales price exceeds the given amount. For example, a net listing of $15,000 where the property sold for $18,000 would result in a $3,000 commission.
+ net listing
A net listing is an arrangement in which the seller sets a minimum price he or she will take for the property and the agent's commission is the amount the property sells for over that minimum selling price.
See also listing

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • net listing — see listing Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • net listing — A type of listing contract whereby the broker is only entitled to a commission to the extent that sales price exceeds the given amount. For example, a net listing of $15,000 where the property sold for $18,000 would result in a $3,000 commission …   Black's law dictionary

  • listing — list·ing n 1: an arrangement, agreement, or contract for the marketing of real property through one or more real estate agents usu. for a specific period – called also listing agreement; exclusive agency listing: a listing under which only one… …   Law dictionary

  • listing — Real estate. An agreement between an owner of real property and a real estate agent, whereby the agent agrees to attempt to secure a buyer or tenant for specific property at a certain price and terms in return for a fee or commission. The various …   Black's law dictionary

  • listing — Real estate. An agreement between an owner of real property and a real estate agent, whereby the agent agrees to attempt to secure a buyer or tenant for specific property at a certain price and terms in return for a fee or commission. The various …   Black's law dictionary

  • net sale contract — One in which the principal agrees to accept a specified net price for property to be sold, and the agent s compensation for negotiating a sale is to be any amount received in excess of the specified figure. Loughlin v. Idora Realty Co., 259… …   Black's law dictionary

  • net sale contract — One in which the principal agrees to accept a specified net price for property to be sold, and the agent s compensation for negotiating a sale is to be any amount received in excess of the specified figure. Loughlin v. Idora Realty Co., 259… …   Black's law dictionary

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