Answer:
Net listing.
Step-by-step explanation:
In this scenario, Seller Patsy wants to net $150,000 from the sale of her home. She tells Broker Al that he can list the property for whatever price he wants and anything he gets above the $150,000 he can keep as his commission. This agreement is called net listing.
Net listing can be defined as an arrangement between a broker and a property owner, in which the owner of a property sets a minimum selling price at which the property would be sold while the any other amount above the minimum amount would be kept by the broker as commission.
Under a net listing, since the minimum selling price chosen by the owner of the property, Patsy is $150,000, assuming Broker Al sold the property for $200,000; he would pay Patsy the sum of $150,000 and keep the additional profit of $50,000 as his commission.