What is a characteristic of a 'net listing'?

A net listing involves a situation where the seller sets a specific amount they wish to receive from the sale of their property. Any amount received in excess of that predetermined figure is retained by the broker as their commission. This arrangement creates an incentive for the broker to sell the property for a higher price since the broker benefits from any additional funds beyond the set amount.

This characteristic distinguishes net listings from traditional listings, where brokers typically receive a fixed percentage commission based on the total sale price. It's important to note that net listings can be controversial and may not be permitted in all jurisdictions, but they remain a unique structure compared to standard commission agreements.

The other choices do not accurately describe the nature of a net listing. While a standard commission is typical for traditional listings, net listings specifically alter how commissions are structured. The idea that a net listing requires multiple agents or that the total sale price is predetermined contradicts the flexibility and individual structure that defines a net listing.