Agency
The expiration of a NJ listing agreement automatically terminates the agency relationship unless:
AThe property is still listed on the MLS
BThe agreement contains a carryover (protection) clause that extends compensation rights for a defined period after expiration for prospects introduced during the listing term✓ Correct
CThe broker continues to show the property
DThe seller verbally extends the agreement
Explanation
A carryover or extender clause in a listing agreement preserves the broker's right to earn a commission for a specified period after expiration if the property is sold to a buyer who was introduced to the property during the listing term.
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