Which statement is false regarding net listings in Nevada?

In the context of Nevada real estate, net listings are not illegal, which makes the statement that declares them illegal false. A net listing is a type of listing agreement in which the seller specifies a minimum price they will accept for their property, and any amount received above that price goes to the broker as commission.

Net listings can indeed be oral or written, although it is often advisable to have such agreements in writing for clarity and legal protection. They can also have an end date to provide a framework for the duration of the listing agreement. Therefore, the correct information confirms that while net listings exist within legal boundaries in Nevada, they require careful handling to ensure compliance with ethical standards and practices in real estate transactions.