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There are many ways you can list your house with a real estate agency, such as: the open listing, the exclusive agency listing or the exclusive rightto-sell listing. One arrangement, however, should trigger a red light. It’s called the “net listing.”
If an agent proposes to guarantee you a certain sum from the sale of your home in return for the chance to keep anything OVER that amount, you have been offered a “net listing”. This arrangement is open to so much abuse that it is illegal in about half the states.
At first, it may sound seductive; you receive the sum you must take out of the property, and
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