A property owner lists his property for sale with a broker. During the negotiations, the owner told the broker that the owner wanted $138,000 for the property and anything above that amount the broker could keep as his commission. The listing with this type of provisions is known as the

a. gross listing
b. net listing
c. open listing
d. non-exclusive listing

b. Net listing.

Step-by-step explanation:

We have been given that a property owner lists his property for sale with a broker. During the negotiations, the owner told the broker that the owner wanted $138,000 for the property and anything above that amount the broker could keep as his commission.

We know that the type of listing determines the amount of money an agent will make from the sale.

Under net listing an agent can keep any amount over what the owner has agreed that he must net at the conclusion of the sale.  

Since broker can keep any amount over $138,000 as his commission, therefore, the listing with the given type of provisions is known as the "net listing".

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step-by-step explanation:

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