Agency
A Washington seller's listing agreement expires without a sale. The seller then sells the property directly to a buyer the broker introduced during the listing period. Under the listing's 'safety clause' (extender clause), the broker may:
AClaim a commission if the sale occurs within the specified protection period✓ Correct
BClaim no commission because the listing expired
CFile a complaint with the DOL against the seller
DSue the buyer for interfering with the listing
Explanation
Most Washington listing agreements include a safety clause (protection period) that extends the broker's right to commission for a specified period after expiration if the property is sold to a buyer who was introduced by the broker during the listing period.
Related Washington Agency Questions
- Under Washington law, a real estate licensee who has no representation agreement with a buyer but assists them in viewing properties is considered:
- A Washington designated broker enters into a property management agreement with an owner. The designated broker then assigns a managing broker to oversee the property. In this context, the managing broker acts as:
- A Washington buyer's agent receives compensation from the seller (as is common in traditional MLS transactions). Does this compensation arrangement change the agent's legal duties to the buyer?
- A Washington listing broker who also works with the buyer on the same property without a separate buyer agency agreement most likely holds which position?
- Under Washington's agency law, 'obedience' as a fiduciary duty means the broker must:
- In Washington, an agent who has a conflict of interest in a transaction must:
- Washington's designated agency arrangement is beneficial because it allows:
- A Washington broker who is a buyer's agent shows a property listed by their own firm. How should this in-company situation be handled?
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →