Under What Listing Clause May The Broker Claim A Commission If The Owner Sells To A Person The Broker Introduced To The Property Within A Certain Time?

A listing agreement entitles a real estate broker or agent to a commission if the property sells to any buyer who was introduced by the agent.

The safety protection clause

states the broker is entitled to this commission even if the sale occurs after that broker's listing agreement expires.

What type of listing agreement provides for payment of a commission to the broker?

With an

exclusive agency listing

, one broker is authorized to act as the exclusive agent for the seller. The seller retains the right to sell the property without obligation to the broker. However, the seller is obligated to pay a commission to the broker if the broker is the procuring cause of the sale.

What is the broker protection clause?

To protect brokers in this instance, most listing agreements have what is known as a “broker protection clause,” also known as an “extension clause” or “tail provision.” The broker protection clause

provides that if the owner contracts to sell the property with a buyer who was procured by the broker within a specified

…

What is the purpose of a carryover clause?

The purpose of carryover provisions is

to enable policyholders to reduce their out-of-pocket expenses in the following year by applying a portion of the current year's claims against the next year's deductible

. Typically, this provision only applies to expenses incurred in the final three months of the current year.

Under what listing clause may the broker claim a commission if the owner sells to a person the broker introduced to the property within a certain time after the listing expiration?

A safety clause in a listing contract

means what? The broker may claim a commission if the owner sells to a person the broker introduced to the property within a certain time after the listing expired. The owner is protected from any liability from actions the broker performed while the listing was in force.

Which type of listing allows a seller to sell the property himself or herself?

An open listing

lets you sell your home by yourself. It is a non-exclusive agreement. This means that you may place open listings with more than one real estate broker. You then pay only the broker who brings a buyer with an offer that you are willing to accept.

Can you break a listing agreement?

Technically, a listing agreement is a contract so

there's no provision for it to be terminated

. Before signing the listing agreement, you can ask your real estate agent if they'll allow written terms for ending the contract early. Some real estate agents and brokers will allow that, and some won't.

What is the most desirable type of listing to have?

To alleviate the problem, the agent assigns the agreement to a competing broker. … The agent cannot assign the listing agreement. From an agent's point of view, the most desirable form of listing agreement is

a(n) exclusive right to sell

.

Which type of listing is least attractive to a broker?

Under which of the following listing agreements can owners of a listed property sell the property on their own without having to pay the listing broker a commission?

D

opinion listing

. under which the following listen agreements can owners of listed property sell the property on their own without having to pay the listing broker commission? a property owner signed a 90 day listing agreement with a broker.

Can a broker guarantee the performance of service providers?

The offer will state if brokers refer buyer and seller to persons, vendors or service providers, that

brokers do not guarantee the performance of any providers

. Buyer and Sellers may select providers of their own choosing.

What is the secret to a fast sale of a property?

The secret to a fast sale is:

a seller might have to lower the price of the property.

What are the three most common types of listings?

What are three most common types of listing?

Open listing, exclusive right to sell listing, and exclusive agency listing thing

.

What happens if a listing agreement has a carryover clause?

What does a carryover clause do?

Allows the broker to collect a commission for some period of time after the listing expires

. … The broker may claim a commission if the owner sells to a person the broker introduced to the property within a certain time after the listing expired.

Which person is responsible for filling out a property disclosure statement quizlet?

Terms in this set (16)

Which of the following is an advantage of investing in a nonresidential property? Which person is responsible for filling out a property disclosure statement?

broker and seller

. What process determines how much money the buyer needs to bring to closing?

What is the carryover clause in real estate?

override clause. Also called extender, or carryover, clause. It

provides for seller to pay the full commission to broker for any sale to registered prospects within the specified period after the termination of the contract

. (