Net listing? what exactly is it?

What is net listing? I nkow it is a type of listing but it says that not too many people wil like that type of listing if that is what you choose?

Answer:
A net listing is a listing agreement in which the seller sets a net amount he/she is willing to accept for the property. If the property exceeds that amount, the agent/broker keeps the excess as commission.

Most states discourage this type of listing agreement.
A listing based on the net price the seller will receive if the property is sold. Under a net listing, the broker is free to offer the property for sale at the highest price he or she can get in order to increase the commission. This type of listing is outlawed in many states; it is not recommended in Texas.

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