When an Arizona listing expires and the seller re-lists with a different broker, which buyer retains entitlement to the original broker's commission under a protection clause?
Why A buyer whose name was submitted to the seller in writing by the original broker during the listing period, if they purchase within the protection period Is Correct
Answer B: A buyer whose name was submitted to the seller in writing by the original broker during the listing period, if they purchase within the protection period
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
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Key Terms to Know
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Math Concepts
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