In a net listing, who receives the money above the asking price?

In a net listing, the seller sets a minimum amount they wish to receive from the sale of their property, and any amount received above that figure is retained by the listing agent as their commission. This type of arrangement incentivizes the agent to sell the property for the highest possible price.

This means that if the property sells for more than the established net amount, the excess funds go directly to the listing agent rather than to the seller or any other party involved. The seller only receives the amount they initially designated as the net, while the agent's reward for selling above that threshold is the additional funds.

It's essential to note that net listings are not commonly seen and can lead to potential conflicts of interest, which is why they are not a standard practice in many regions. They may also raise questions regarding fair representation, making it crucial for agents to operate transparently with their clients.