Agency
When a listing expires in Oregon, the seller is free to sell the property on their own. However, if during the safety clause period the property is sold to a buyer the broker introduced during the listing period, the broker:
AHas no claim to a commission
BMay be entitled to a commission as specified in the listing agreement✓ Correct
CMust file a claim with OREA
DIs entitled only to the cost of marketing expenses
Explanation
Most Oregon listing agreements include a safety (protection period) clause specifying that if the property sells to a buyer the broker introduced during the listing period, within a specified time after expiration, the broker is still entitled to a commission.
Related Oregon Agency Questions
- An Oregon buyer's agent presents an offer that is significantly below the list price. The seller's agent should:
- Under Oregon law, which of the following is a non-waivable duty owed to ALL parties regardless of agency relationship?
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- Sub-agency in Oregon occurs when:
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- Oregon's 'seller sub-agency' was historically common but is now less prevalent because:
- In Oregon, a principal broker in a firm where two brokers represent opposite sides of the same transaction should:
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