Agency
A listing expires without a sale. Three weeks later, the seller accepts an offer from a buyer who was shown the property by the original agent during the listing period. Under most Alaska listing agreements, the seller may owe a commission if:
AThe buyer was shown the property during the listing term and a protection clause is in effect✓ Correct
BThe agent files a complaint with the Alaska Real Estate Commission
CThe seller did not give written notice of cancellation
DThe new offer exceeds the original listing price
Explanation
Most listing agreements contain a protection (safety) clause that extends the commission obligation for a specified period after expiration if the property is sold to a buyer who was introduced to the property during the listing term. This prevents sellers from waiting out the listing to avoid a commission.
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