Article 5.4: Listing Types Not Accepted
Article 5 - Listing Procedures
Section 4: Listing Types Not Accepted. MFR
A. Net Listings: A Net Listing is an agreement to pay the owner(s) of record a "net" price for their property regardless of the sales price.
B. Open Listings: An Open Listing is expressed or implied. Since it is not in writing, it does not include authorization to cooperate and compensate other brokers and offers a disincentive for cooperation.
