Real Estate Math
A New Mexico listing expires after 6 months. The broker showed the property to a buyer during the listing period. The seller sells to that buyer 45 days after expiration under a 60-day extender clause. The broker earns:
ANo commission because the listing expired
BFull commission under the extender clause✓ Correct
CHalf the normal commission
DCommission only if the seller approves
Explanation
The extender (safety/override) clause protects the broker's commission rights for sales to buyers introduced during the listing period for a specified period after expiration. 45 days falls within the 60-day extender window.
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