Amanda Sykes has a net agency open listing with Tamicah Forest for the sale of Tamicah's San Diego condominium for a listing price of $270,000. Tamicah was able to talk a college friend into buying her condominium for $300,000. How much commission does Amanda receive under this net open listing?

Question

Quizplus · Accepted Answer

In a net listing agreement, the agent agrees to sell the property for a set price, and any amount above that price is the agent's commission. Since Tamicah sold the property herself for more than the listing price, Amanda does not receive a commission under the terms of a net agency open listing.

Amanda Sykes Has a Net Agency Open Listing with Tamicah