962,383
Perception (rightfully so) of a conflict of interest between the seller and the seller's agent.
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
John Juarez
Fremont, CA
-
Karen Climer
Orlando, FL
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Carol Williams
Wenatchee, WA
2,187,587
Sadly, some agents would use the opportunity to profit at the seller's expense. It is a conflict with the agent's fiduciary responsibilities to their sellers.
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
-
Nina Hollander, Broker
Charlotte, NC
5,583,328
because it's taking advantage of the seller and "stealing" equity....I call it theft!!!!
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Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Candice A. Donofrio
Fort Mohave, AZ
4,900,966
It could put the interest of the agent above that of the client.
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
6,417,184
The state does not trust agents to be honest or our clients to be competent.
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Bob Crane
Stevens Point, WI
-
Mel Ahrens, MBA, Kelly...
Hood River, OR
1,056,272
The increased possibility that the broker will act in their best interest, not their client's.
The profit should all be the property owner's aside from the agreed-upon brokerage fees.
You won't find net listings around much, even where they are legal.
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
5,238,990
The opportunity for a listing agent to take advntage if a seller. Check your state statutes. Many do not make it illegal while discouraging the practice.
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
1,206,250
conflict of interest is the short answer.
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Debe Maxwell, CRS
Charlotte, NC
-
Peter Mohylsky, Beach ...
Miramar Beach, FL
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
7,863,162
Net Listings are a type of listing where the home seller sets a minimum price he/she is willing to sell the property for and whatever amount above that minimum the real estate agent manages to get from a home buyer's offer, becomes the real estate agent's commission.
Some agents may take advantage on home sellers by pricing the property below market.
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
-
John Juarez
Fremont, CA
2,784,566
It had to be regulated because it has a loop hole dynamic where a naive seller could be taken advantaged of by a savvy licensed crook type. Big money brings out big troubles...
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
John Juarez
Fremont, CA
5,112,471
It can work against the interests of the seller.
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
3,627,072
looks like you already have your answer
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
3,138,603
Conflict of interest and could mean trouble ahead.
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Candice A. Donofrio
Fort Mohave, AZ
1,322,984
There is the ability for a dishonest agent to take advantage of an unknowing seller with a net listing. Making them illegal is an attempt to remove that temptation.
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
2,399,936
Seth Rooker you have been around here long enough to know this question has been ask over and over again. You can do better. If you are going to "skate by" on your studies are you also going to try to skate by once licensed? It ain't going to work sir.
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Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
-
Wanda Kubat-Nerdin - W...
St. George, UT
2,221,377
Click on the link below to view the same question and all the answers:
1. https://activerain.com/questions/show/49259/--why-are-net-listings-illegal-in-some-states-
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Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
3,349,404
I'm going out on a limb here and I'm going to guess it has to do with the state laws.
I wish you all the best with your real estate studies.
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Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,201,477
Seems my 2 cents are not needed here.
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Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
1,712,776
I would pay attention to your own state.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
631,708
Your answers have covered all the reasons
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Debe Maxwell, CRS
Charlotte, NC
1,506,013
5,772,581
This is not the best way to deal with sellers, and you have your answers here. A
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Debe Maxwell, CRS
Charlotte, NC
715,782
902,038
5,877,329
536,943
556,536
Because net listing make it too easy for agents to cheat their sellers and our reputation is already bad enough.
5,254,035
They scream for unscrupulous agents to slither out from under their rocks & deceive sellers!
Not wise for a seller to go in the net listing direction.
5,060,494