Contracts
A Colorado listing agreement expires before the property sells. The seller then sells the property to a buyer the listing broker introduced. The broker may be entitled to a commission under the:
AColorado Consumer Protection Act
BSafety (extender) clause in the listing agreement✓ Correct
CProcuring cause doctrine only
DNo doctrine applies after the listing expires
Explanation
Most Colorado listing agreements contain a safety or extender clause that protects the broker's right to a commission for a specified period after the listing expires, if the property sells to a buyer the broker introduced. The broker must provide the seller with a list of such buyers before the listing expired.
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