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January 25, 2008, Newsletter Issue #82: Timeshare Net Listings
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Tip of the Week
Net listings are created to give sellers a fixed dollar amount at the close of escrow regardless of the final sales price. Even though this is not illegal, net listing has brought about abundant abuses and misrepresentations. Because of this, the real estate department of almost every state tries to discourage them by demanding full disclosure of the final selling price to both the seller and buyer.
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