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Rainmaker
830,591
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

Perception (rightfully so) of a conflict of interest between the seller and the seller's agent.

Jan 07, 2020 01:51 AM
Rainmaker
1,403,323
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Sadly, some agents would use the opportunity to profit at the seller's expense. It is a conflict with the agent's fiduciary responsibilities to their sellers.

Jan 07, 2020 01:53 AM
Rainmaker
5,183,846
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

because it's taking advantage of the seller and "stealing" equity....I call it theft!!!!

Jan 07, 2020 05:15 AM
Rainmaker
3,192,379
Richard Weeks
Dallas, TX
REALTOR®, Broker

It could put the interest of the agent above that of the client.

Jan 07, 2020 02:15 AM
Ambassador
4,448,733
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

The state does not trust agents to be honest or our clients to be competent.

Jan 07, 2020 01:47 AM
Rainmaker
768,935
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

The increased possibility that the broker will act in their best interest, not their client's.

The profit should all be the property owner's aside from the agreed-upon brokerage fees.

You won't find net listings around much, even where they are legal.

 

Jan 07, 2020 05:37 AM
Rainmaker
3,421,629
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The opportunity for a listing agent to take advntage if a seller. Check your state statutes. Many do not make it illegal while discouraging the practice.

Jan 07, 2020 03:54 AM
Rainmaker
642,585
Peter Mohylsky, Beach Expert
PrimeSouth Properties - Santa Rosa Beach, FL
TOP LISTING AGENT ALONG THE BEACH

conflict of interest is the short answer.  

Jan 07, 2020 07:37 AM
Rainmaker
5,580,531
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

 Net Listings are a type of listing where the home seller sets a minimum price he/she is willing to sell the property for and whatever amount above that minimum the real estate agent manages to get from a home buyer's offer, becomes the real estate agent's commission.

Some agents may take advantage on home sellers by pricing the property below market.

Jan 07, 2020 06:46 AM
Rainmaker
2,506,127
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

It had to be regulated because it has a loop hole dynamic where a naive seller could be taken advantaged of by a savvy licensed crook type. Big money brings out big troubles...

Jan 07, 2020 06:30 AM
Rainmaker
3,280,649
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

It can work against the interests of the seller.

Jan 07, 2020 05:06 AM
Rainmaker
3,041,159
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

looks like you already have your answer

Jan 07, 2020 02:27 AM
Ambassador
2,259,586
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Conflict of interest and could mean trouble ahead.  

Jan 07, 2020 07:46 AM
Rainmaker
730,543
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

There is the ability for a dishonest agent to take advantage of an unknowing seller with a net listing. Making them illegal is an attempt to remove that temptation.

Jan 07, 2020 07:09 AM
Rainmaker
1,680,539
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Seth Rooker you have been around here long enough to know this question has been ask over and over again. You can do better. If you are going to "skate by" on your studies are you also going to try to skate by once licensed? It ain't going to work sir.

Jan 07, 2020 06:04 AM
Rainmaker
1,170,046
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Click on the link below to view the same question and all the answers:

 

1. https://activerain.com/questions/show/49259/--why-are-net-listings-illegal-in-some-states-

 

 

Jan 07, 2020 04:01 PM
Rainmaker
2,844,115
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I'm going out on a limb here and I'm going to guess it has to do with the state laws.  

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

Jan 07, 2020 02:44 PM
Rainmaker
811,357
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Seems my 2 cents are not needed here.

Jan 07, 2020 08:29 AM
Ambassador
1,673,247
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I would pay attention to your own state.

Jan 07, 2020 06:57 AM
Rainmaker
469,221
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

Your answers have covered all the reasons

Jan 07, 2020 07:21 PM
Rainmaker
1,275,787
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Some people abused them.

Jan 07, 2020 04:14 PM
Rainmaker
4,641,925
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

This is not the best way to deal with sellers, and you have your answers here. A

Jan 07, 2020 02:05 PM
Rainmaker
426,123
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

You have many great responses.

Jan 07, 2020 09:51 AM
Rainmaker
752,076
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

They can lead to abuse or fraud.

Jan 07, 2020 08:48 AM
Rainmaker
4,208,674
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Never had one.

Jan 09, 2020 08:26 AM
Rainer
502,651
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

Lots of good answers here.  You have been well informed.

Jan 08, 2020 08:07 AM
Rainmaker
466,986
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

Because net listing make it too easy for agents to cheat their sellers and our reputation is already bad enough.

Jan 08, 2020 04:30 AM
Ambassador
3,511,545
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

They scream for unscrupulous agents to slither out from under their rocks & deceive sellers!

Not wise for a seller to go in the net listing direction.

Jan 07, 2020 10:09 PM
Ambassador
4,107,952
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

It's not in the seller's best interests but the agent's

Jan 07, 2020 05:24 PM