What happens if a net listing exceeds the seller's specified price?

In a net listing agreement, the seller specifies a minimum amount they wish to receive from the sale of their property. If the property sells for an amount that exceeds this specified price, the broker is entitled to retain the difference as their commission. This arrangement incentivizes the broker to sell the property for the highest possible price, as their commission directly ties to the excess amount over the seller's minimum. Therefore, option A accurately describes the outcome when a net listing exceeds the seller's specified price, reinforcing the broker's motivation to maximize the sale price for both parties' benefit.

The other options are not applicable in this scenario. The sale does not become void; rather, it reflects a successful transaction that is beneficial to the broker due to the commission structure. The seller is not required to reduce their price as that was already established in the listing agreement, nor does the excess go to the state, which would not be a customary practice in real estate transactions.