Contracts
A Kansas broker's protection clause (safety clause) in a listing agreement protects the broker if:
AThe seller sells to a buyer introduced by the broker during the listing term, shortly after the listing expires✓ Correct
BThe listing is terminated by KREC
CThe property fails to appraise at list price
DThe seller reduces the listing price
Explanation
A broker protection (or extender) clause entitles the listing broker to a commission if the property is sold within a specified period after the listing expires to a buyer who was introduced to the property during the listing term.
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