Net Listings
Even though net listings are legal in Florida, net listings can create many problems for licensees and are illegal in some states. Licensees should avoid using them.
A net listing is created when an owner states a minimum acceptable amount and a broker agrees to market the property at a higher price. Any excess over the owner's required amount pays the broker's commission. However, if the broker brings in an offer much higher than the owner's minimum, the broker may not be entitled to receive more than a customary commission to prevent "unjust enrichment." The broker actually may work for nothing if the owner accepts an offer at or below the minimum. While legal in Florida, net listings create many problems and are illegal in some states. Licensees should avoid using them.
For infomation on Rowlett Real Estate School and our classes in Panama City, Fort Walton, Pensacola and Destin, visit our website at www.rowlettrealestateschool.com . Or give Captain Wayne a call at 850-547-1333Rowlett Real Estate School is a full service Florida Real Estate School offering classroom training in Panama Ctiy Beach Florida and Destin Florida, Fort Walton Beach and Pensacola. We offer a full line up of courses on-line and in classroom for all your real estate license requirements.
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