Which type of listing allows the broker to retain all amounts above a stated minimum amount required by the seller?

The type of listing that allows the broker to retain all amounts above a stated minimum amount required by the seller is known as a net listing. In this arrangement, the seller specifies a minimum price they wish to receive from the sale of the property. Any amount that is received above this minimum price is kept by the broker as their commission.

This type of listing is distinct because it creates an incentive for the broker to sell the property for as high a price as possible, as their profit is directly tied to the amount over the minimum. However, net listings can raise ethical concerns and are illegal in some states because they may encourage brokers to prioritize their financial gain over the best interests of the seller.

In contrast, the exclusive right to sell listing and the exclusive agency listing provide different structures for how commissions are handled, typically based on a percentage of the sale price rather than having an agreed minimum that creates a split. An open listing also differs as it allows multiple brokers to sell the property and typically results in a commission only if the broker brings a buyer, rather than a structure that guarantees earnings above a specified minimum.