In a net listing, what does the seller agree to?

In a net listing, the seller agrees to receive a specific amount from the sale of the property, and any proceeds above that specified amount are retained by the broker as their commission. This means that the broker's incentive to sell the property for a higher price is directly aligned with the seller’s interests, as the broker benefits from any surplus beyond the predetermined amount the seller wishes to receive.

This type of agreement can encourage brokers to negotiate a higher sale price, as they gain from anything over the seller's set amount. It's important to note that while net listings can motivate brokers, they can also lead to ethical dilemmas if brokers act primarily in their own financial interest rather than the best interest of the seller.