Seller Mary told Agent Norm to sell her condo at any price, just so long as she walks away from the deal with $50,000. What type of listing contract is Mary wanting?

The correct answer is that Mary is wanting a Net Contract. This type of listing agreement allows the seller to specify the net amount of money they wish to receive from the sale after all expenses, including commissions, have been paid. In this scenario, Mary has provided a clear directive that she wants to ensure she receives $50,000 from the sale of her condo. This means that any fees, commissions, or closing costs must be deducted from the sale price, and she should walk away with her desired amount.

In Virginia, a Net Contract typically requires the agent to sell the property for at least a specified price after all agreed-upon costs are accounted for. It puts the onus on the agent to sell the property for a total price that exceeds the seller's net requirement while managing any costs incurred in the process.