Contracts
In Massachusetts, a real estate listing expires with no sale. The seller lists with a new broker 10 days later. The first broker claims a commission when the property sells. Under the protection period clause, the first broker can collect only if:
AThe property sells within 6 months of the first listing's expiration
BThe buyer was registered with the first broker within the timeframe of the protection period and the first broker proves they introduced that buyer✓ Correct
CThe second broker agrees to split the commission
DThe seller admits the first broker worked hard
Explanation
A protection period clause entitles the listing broker to a commission only if they introduced the specific buyer during the listing period and the buyer purchases within the protection period specified in the original listing agreement.
Related Massachusetts Contracts Questions
- In Massachusetts, a 'graduated lease' has rent that:
- Massachusetts P&S agreements commonly include a 'Buyer's and Seller's Statement' clause requiring each party to certify at closing that no representations have been made that are not contained in the P&S. The purpose is to:
- A Massachusetts buyer backs out of a P&S because they are dissatisfied with the home inspection. The inspection contingency allows the buyer to back out for 'any reason.' The seller:
- In a Massachusetts condominium transaction, the buyer is entitled to review the minutes of the past 12 months of condominium trust meetings. This review is important because it reveals:
- A Massachusetts seller 'accepts' a buyer's offer but requires the buyer to also purchase the seller's furniture. This modified acceptance is legally a:
- A Massachusetts property seller fails to complete the sale per the P&S. The buyer's remedy of 'specific performance' seeks to:
- A mortgage contingency in a Massachusetts P&S protects the buyer by:
- In Massachusetts, the Purchase and Sale Agreement (P&S) typically contains all of the following EXCEPT:
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →