Which of the following statements is true about net listings?

Net listings are indeed often viewed as involving a conflict of interest. In a net listing arrangement, the seller specifies the minimum amount they wish to receive from the sale of their property. Any amount received above that minimum would then be the agent's commission. This structure can create a situation where the agent may have the incentive to sell the property for a higher price than what the seller has in mind since the agent's compensation directly depends on the final sale price.

This arrangement could lead to potential ethical dilemmas; for instance, the agent might prioritize their financial gain over the seller's best interests. The agent could, therefore, push for a higher sale price even if it doesn't align with the seller's goals or needs. As a result, net listings are often scrutinized in terms of their ethical implications and transparency in transactions. It's important to note that while net listings are legal in some jurisdictions, they are not permissible or preferred universally.

The other statements do not hold true in the context of net listings, as they either misrepresent the nature of the agreements or the legal standing of such listings across different states. This complexity highlights the importance of understanding the implications of net listings in real estate transactions.