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. What is this agreement called?

Net listing.

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.

answer; intensive use of a sales force and is relatively costly;

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.