Agency
In New Mexico, a listing broker's 'protection period' clause in a listing agreement means:
AThe listing is protected from competing brokers
BThe broker is entitled to commission if the property sells to a buyer the broker introduced during the listing period, even if the sale occurs after the listing expires✓ Correct
CThe seller is protected from lowball offers
DThe broker's commission is protected from reduction
Explanation
A protection period (also called an extender clause or safety clause) entitles the broker to a commission if the property sells to a buyer the broker introduced during the active listing period, typically within 30-180 days after expiration, protecting the broker from seller attempts to circumvent the listing.
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