net listing

An arrangement in which a property owner pays the listing real estate agent all purchase price proceeds over and above a minimum figure required by the owner. Because the real estate agent is usually the one to recommend an asking price to the owner, the practice is very susceptible to abuse.As a result,it is illegal in some states.

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References in periodicals archive ?

By the first half of 2018, CLI would have fully utilized the P2.02 billion in net listing proceeds for key land acquisitions and joint-venture investments.

Cebu Landmasters on track to hit P5.3-billion revenue target, to invest P8.8-billion capex this year

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