net listing

Definition

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.

Use net listing in a sentence

You need to make sure that you keep up with the net listing and try to close the deal when the time is right.

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When Francis listed the buyer's home, she chose to utilize the net listing tactic, which would offer her a bigger piece of the pie if a sale were made.

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The reason the lot wasn't selling was because it was a net listing, and the broker had tacked on such an exorbitant amount for his commission that it was unattractive to buyers.

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