Kenya Monterrosas The concern with net listings is that an unscrupulous agent could list a property where the seller says they only want $150,000 but the agent knows he/she can sell it for $190,000, thereby pocketing a $40,000 commission instead of a $9,575 commission (at a commission rate of 6%).

The prohibition on net listings is intended to protect the uninformed seller.

It is a true conflict of interest - it is not in the consumers' best interest. Net listings tend to benefit the agent who has a professional advantage over the general public.

Net listings can tempt a unscrupulous agent to take advantage of an unwitting, naive seller.

Follow the rules in your state. Consumer protection is the goal.

No idea.

Ken Jones has given a very clear answer.

I don't know

Debe Maxwell, CRS has your answer.

I wish you all the best with your real estate studies. 

B/C  nets aren't the best way to sell a property. Great for fishin' though!

I haven't ever even considered it. Apparently some unscrupuous agents have so law makers had to put something on paper to protect the seller. 

Usually to protect an uninformed seller from egregious profit by an unscrupulous agent!

Because the state thinks that our clients are total morons and that agents are evil geniuses.

It creates a conflict of interest between the agency and the client.

it's an important protection for the seller.... that equity could end up in the agent's pocket with a net listing....

Once again you ask yet another question that has been asked multiple times recently. Start studying of expect to wash out fast.

Stick with your own state

pocket profit.

But in CA there are no dummies, 100% home owners already know the value and will sell at going or above going price.

Some states think it puts the seller at a disadvantage.

To protect the seller.

It's the law in Md!

🧐🤓⁉️

Good luck with your studies.

Follow what Ken Jones has to say, he nailed it.

yes

3.

You have great answers.

Ken Jones said it brilliantly.