Question

Perry is listing his home with Extra Real Estate Company, a brokerage. He wants the listing as follows: He must receive $250,000 from the sale of the home, anything above that price is the broker's commission. Which type of listing agreement is Perry demanding

Answer 1

Answer:

D. Net Listing

Explanation:

Based on the information provided within the question it can be said that the type of listing agreement that Perry is demanding is a Net Listing. This is a listing agreement stating that the seller will receive a pre-defined amount of money for the sale of the listing, and that the excess amount is to go to the broker as a commission for the listing. Which is exactly what Perry wants for the listing.