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Rainmaker
3,333,845
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Have never heard the term....

Sep 30, 2015 09:43 PM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

jacquelene rivers Our MLS doesn't accomodate this - however - if the Seller does the math - they will not accept one penny less than "x" (net), then the commission and closing costs can be added to that "net" and the listing could reflect that the list price is the "bottom line" price.  Buy or don't buy.

Oct 01, 2015 01:08 AM
Rainmaker
883,137
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

It is not illegal, but since 95% of active agents are members of the National Realtor Association and the associated MLS and local REALTOR organizations, these membership clubs forbid this seller/agent solution.

This is one reason why it is important to know who the non-member players in your area are.

Sep 30, 2015 10:23 PM
Rainmaker
3,322,453
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

They are illegal in NH

Sep 30, 2015 10:18 PM
Rainmaker
4,002,207
Richard Weeks
Dallas, TX
REALTOR®, Broker

The are legal; however our local board will no allowing them in our mls.

Sep 30, 2015 10:04 PM
Rainmaker
3,614,557
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Yes sir they are not legal.

Sep 30, 2015 09:24 PM
Ambassador
4,204,823
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

They are not illegal but, they are strongly discouraged in North Carolina. I have only done one.

Jun 01, 2019 10:17 PM
Rainer
4,403
Nathan Allan
Searching for Brokers - Orem, UT
Agent Professor Student

I know this is an old post, but I believe these are legal in CA, TX, MN, and FL. Possibly other states as well. They should be illegal though as this could lead to problems on both sides. The seller feels cheated cause they didn't make as much as they could have, or the agent could end up making $0 off sale of a home.

May 07, 2019 11:29 AM
Rainmaker
778,495
The Woodland Team of Texas
The Woodland Companies - Austin, TX
Land Specialists

Not legal

Mar 26, 2019 07:48 PM
Rainmaker
45,080
Theresa Hus
RealEstateAgent.com - Hollywood, FL
The Official Real Estate Agent Directory

Hey! I know this is an old question, but someone has recently asked on RealEstateAgent.com if net listings were illegal in Kentucky. I just thought that it is an appropriate time to remind you all that net listings are illegal in most states and obviously unethical, no matter how tempting the offer may look. And yes, net listings are illegal in Kentucky!  

Jan 11, 2019 04:16 AM
Ambassador
5,363,423
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Very illegal.

Sep 29, 2018 07:07 PM
Ambassador
2,564,701
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Legal, but not recommended.

 

Apr 11, 2017 11:28 AM
Ambassador
3,986,660
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

They are illegal in Tennessee and have been for many years. It is not in the best interest of the consumers.

Oct 02, 2016 11:06 AM
Rainmaker
864,358
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

I would think a net listing would go against a seller's best interest. Why would a seller agree to it? I believe it is illegal in most states. Will be following this thread.

 

Oct 01, 2015 03:51 AM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

jacquelene rivers I do not believe it is legal in any state by any real estate board - at least it is not legal in MA. (It can be - for non-members, I guess.)

And if it is illegal, why should I risk my license by entering into such agreement?

Oct 01, 2015 01:04 AM
Rainmaker
5,571,389
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

net listings are illegal in Massachusetts.....

Oct 01, 2015 12:48 AM
Rainmaker
1,457,127
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

jacquelene rivers I believe net listings are illegal in most states.

Oct 01, 2015 12:10 AM
Rainmaker
4,062,721
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have no idea what a net listing is. Been in this business for almost a quarter of a century and that's a new term on me. Maybe there's a blog in your future on this subject?

Sep 30, 2015 10:29 PM