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Rainer
149,426
Ken Jones, Commercial Real Estate
Kenneth J. Jones, Inc. - Toms River, NJ
Serving Central & Northern New Jersey Since 1971

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.

Jun 01, 2019 05:32 PM
Ambassador
4,205,328
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

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.

Jun 01, 2019 10:20 PM
Rainmaker
897,455
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

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

Jun 01, 2019 06:37 PM
Rainmaker
6,553,949
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Jun 01, 2019 05:38 PM
Rainmaker
1,596,531
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No idea.

Jun 02, 2019 12:33 PM
Rainmaker
563,429
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

Ken Jones has given a very clear answer.

Jun 02, 2019 03:51 AM
Rainmaker
2,062,514
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

I don't know

 

Jun 02, 2019 06:21 PM
Rainmaker
1,879,335
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Debe Maxwell, CRS has your answer.

Jun 02, 2019 04:35 PM
Ambassador
3,038,566
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

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

Jun 02, 2019 10:42 AM
Rainmaker
1,636,242
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

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

Jun 02, 2019 06:57 AM
Rainmaker
680,712
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

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. 

Jun 02, 2019 06:05 AM
Rainmaker
4,166,314
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

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

Jun 02, 2019 04:21 AM
Ambassador
5,366,458
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

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

Jun 01, 2019 07:23 PM
Rainmaker
1,716,656
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

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

Jun 02, 2019 10:16 AM
Rainmaker
5,571,411
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

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

Jun 02, 2019 08:17 AM
Rainmaker
1,876,467
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

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

Jun 02, 2019 08:13 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Stick with your own state

Jun 02, 2019 07:01 AM
Rainmaker
1,149,509
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

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.

Jun 02, 2019 06:53 AM
Rainmaker
4,003,319
Richard Weeks
Dallas, TX
REALTOR®, Broker

Some states think it puts the seller at a disadvantage.

Jun 02, 2019 05:21 AM
Rainmaker
4,064,128
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

To protect the seller.

Jun 02, 2019 04:41 AM
Rainmaker
442,142
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

It's the law in Md!

Jun 02, 2019 03:08 AM
Rainmaker
1,216,691
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

🧐🤓⁉️

Jun 01, 2019 07:17 PM
Rainmaker
4,893,347
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Good luck with your studies.

Jun 14, 2019 11:57 AM
Rainmaker
3,977,224
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

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

 

Jun 03, 2019 03:17 PM
Rainer
229,777
Byron K . Jones
Coatesville, PA
List Today - Sold Tomorrow!

yes

Jun 03, 2019 08:32 AM
Rainmaker
1,514,855
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

3.

Jun 03, 2019 12:29 AM
Rainmaker
5,535,237
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

You have great answers.

Jun 02, 2019 01:12 PM
Rainmaker
1,381,523
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Ken Jones said it brilliantly.

Jun 02, 2019 11:28 AM