Agency
A Connecticut seller's listing expires without a sale. Three weeks later, a buyer who viewed the property during the listing period makes an offer. Under a standard 'protection clause' in the expired listing:
AThe broker is entitled to a commission if the buyer was introduced to the property during the listing period and the sale occurs within the protection period✓ Correct
BThe broker has no claim since the listing has expired
CThe broker must re-list the property to earn any commission
DThe seller must pay a referral fee but not a full commission
Explanation
Most listing agreements include a protection clause (also called a safety clause or extender clause) that entitles the broker to a commission if the property is sold within a specified period after expiration to a buyer who was introduced to the property during the listing period and is named on the broker's list.
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