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Rainer
74,000
Kenneth J Jones President - Broker of Record
Kenneth J. Jones, Inc., REALTORS® - Springfield, NJ
Commercial Real Estate Broker

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
3,699,260
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
773,467
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
5,821,314
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
1,381,902
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
563,155
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
1,832,456
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
1,337,432
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Debe Maxwell, CRS has your answer.

Jun 02, 2019 04:35 PM
Rainmaker
2,877,911
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
1,587,628
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
613,490
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
3,592,554
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
4,697,886
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - 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
1,472,873
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
5,357,180
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for 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
1,734,699
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
Ambassador
1,706,647
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
1,084,259
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
3,420,668
Richard Weeks
Dallas, TX
REALTOR®, Broker

Some states think it puts the seller at a disadvantage.

Jun 02, 2019 05:21 AM
Rainmaker
3,463,501
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

To protect the seller.

Jun 02, 2019 04:41 AM
Rainmaker
331,858
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

It's the law in Md!

Jun 02, 2019 03:08 AM
Rainmaker
1,021,077
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
4,340,493
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
3,435,552
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
184,472
Byron K . Jones
Coatesville, PA
List Today - Sold Tomorrow!

yes

Jun 03, 2019 08:32 AM
Rainmaker
1,506,461
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

3.

Jun 03, 2019 12:29 AM
Rainmaker
4,864,544
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
1,301,072
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