In real estate transactions, what is a 'net listing'?

A 'net listing' is indeed characterized by guaranteeing a minimum amount for the seller from the sale of their property. In this arrangement, the broker or agent agrees to sell the property for a specific net amount. Any amount received over that agreed minimum goes to the agent as their commission. This means the seller is assured of receiving their desired profit from the sale, regardless of the final selling price.

This type of listing can foster a more collaborative relationship between the seller and the agent, as both parties have a vested interest in maximizing the property's sale price. However, net listings can be controversial and are not permitted in all states due to potential conflicts of interest, as the agent might be incentivized to prioritize their commission over the seller’s best interests.

In contrast, the other options do not accurately represent the concept of a net listing.