Final answer:
The exclusive net agency listing is not a standard listing agreement in California. The commonly used agreements include exclusive agency listing, the exclusive right-to-sell listing, and open listing.
Step-by-step explanation:
The exclusive net agency listing is not a commonly used listing agreement in California. In California real estate, the predominantly used agreements are:
- Exclusive agency listing: The seller grants one real estate agent or broker the exclusive right to sell the property, but the seller may also find a buyer independently without owing a commission to the agent.
- Exclusive right to sell listing: The seller gives the exclusive right to sell the property to a real estate agent or broker, who earns a commission regardless of how the property is sold, even if the seller finds the buyer without the agent's help.
- Open listing: Multiple agents or brokers may represent the property, and only the selling agent receives a commission. The seller also maintains the right to sell the property independently.
The exclusive net agency listing is not a standard listing contract in California real estate transactions. Instead, the options typically used are the exclusive agency, exclusive right to sell, and open listings.