Agency
In Montana, when a listing agreement is terminated by the seller before the expiration date, the broker may still be entitled to a commission if:
AThe property is later sold to anyone at any time after the listing
BThe property is sold within a 'protected period' after the listing to a buyer the broker introduced to the seller during the listing✓ Correct
CThe seller pays a termination fee immediately upon cancellation
DThe broker files a complaint with the Board of Realty Regulation
Explanation
Most listing agreements include a 'protection period' (carryover clause) that entitles the broker to a commission if the property sells within a specified period after the listing expires or is cancelled, to a buyer the broker introduced during the listing term.
Related Montana Agency Questions
- In Montana, a listing agreement is a contract between the seller and the:
- Under Montana law, designated agency allows the designating broker to:
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- When does a listing agency agreement typically terminate?
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