Contracts
A listing agreement clause that entitles the broker to a commission even if the property sells after the listing expires to a buyer found during the listing period is called a:
AProtection clause (safety clause)
BHoldover clause
CBoth A and B are correct names for this provision✓ Correct
DAcceleration clause
Explanation
A safety clause (also called a protection clause or holdover clause) protects the broker's commission if the seller sells to a buyer introduced during the listing period within a specified number of days after expiration. Both 'protection clause' and 'holdover clause' are common names for this provision.
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