DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 611 Original 2015 Regular Session Pylant
Abstract: Provides relative to net listing agreements.
Proposed law defines a "net listing agreement" as a "listing agreement" defined in present law that
authorizes a broker to take as his commission the difference between the higher sale price at which
the real estate property is sold and the stipulated net price agreed upon to be received by the seller.
Proposed law makes it unlawful for a real estate broker to advise or encourage in relation to, or to
enter into, a net listing agreement as described in proposed law for the sale of real estate property.
(Adds R.S. 37:1431(34) and 1448.3)