Contracts
What is the legal significance of a listing agreement's 'protection period' clause in Ohio?
AIt protects the buyer from price increases after offer acceptance
BIt entitles the broker to a commission if the property is sold to a buyer the broker introduced, even after the listing expires✓ Correct
CIt limits the seller's right to cancel the listing
DIt protects the broker from lawsuits
Explanation
A protection (safety) period clause ensures the broker earns a commission if the property is sold to a buyer who was introduced during the listing period, within a specified time after the listing expires.
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