Agency
A 'protection clause' (safety clause) in a Mississippi listing agreement protects the broker by providing:
AInsurance against MREC disciplinary actions
BA commission if the property sells to a buyer the broker procured within a specified period after the listing expires✓ Correct
CProtection from the seller changing the listing price
DLegal protection from buyer lawsuits
Explanation
A protection clause (safety or extender clause) protects the broker from sellers who wait until the listing expires and then sell to a buyer the broker had already identified, avoiding the commission. It entitles the broker to a commission if such a sale occurs within the protection period.
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