A listing in which the broker's commission is the excess of the sale price over an agreed-upon (net0 price to the seller; illegal in some states because it can create a conflict of interest for the...1/22/2015
DefinitionA listing in which the broker's commission is the excess of the sale price over an agreed-upon (net0 price to the seller; illegal in some states because it can create a conflict of interest for the broker.