Horace had an exclusive listing on Susie's house. What might help him collect commission after it expires and Susie sells it?

Horace had an exclusive listing on Susie's house. What might help him collect commission after it expires and Susie sells it?

• A. A. Broker protection clause
• B. B. Protection agreement
• C. C. Protection waiver
• D. D. Horace is completely unprotected

Answer: (A)

The broker protection clause is a significant provision in real estate listings that can help a broker earn a commission even after the listing agreement has expired. This clause typically stipulates a specified period during which the broker is entitled to a commission if the property is sold to a buyer who was introduced to the property while the listing was active. In this context, if Susie sells her house to a buyer that Horace introduced to the property during the term of the exclusive listing, the broker protection clause would allow Horace to claim his commission despite the expiration of the listing agreement. This clause is designed to protect the broker's interests in cases where they have invested time and resources into marketing the property and developing potential buyers. While other options may imply different forms of agreements or understandings, they do not confer the same kind of protection to the broker against the loss of commission after the expiration of the listing. Therefore, the broker protection clause is a critical tool for real estate brokers in ensuring they are compensated for their efforts, regardless of the timing of a sale relative to the listing agreement.

The broker protection clause is a significant provision in real estate listings that can help a broker earn a commission even after the listing agreement has expired. This clause typically stipulates a specified period during which the broker is entitled to a commission if the property is sold to a buyer who was introduced to the property while the listing was active.

In this context, if Susie sells her house to a buyer that Horace introduced to the property during the term of the exclusive listing, the broker protection clause would allow Horace to claim his commission despite the expiration of the listing agreement. This clause is designed to protect the broker's interests in cases where they have invested time and resources into marketing the property and developing potential buyers.

While other options may imply different forms of agreements or understandings, they do not confer the same kind of protection to the broker against the loss of commission after the expiration of the listing. Therefore, the broker protection clause is a critical tool for real estate brokers in ensuring they are compensated for their efforts, regardless of the timing of a sale relative to the listing agreement.