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A safety protection clause in a listing agreement entitles the real estate broker or agent to a commission after the listing expires or is canceled. This applies when the final buyer was brought to the deal by the broker.
A safety clause in a listing contract means what? The broker may claim a commission if the owner sells to a person the broker introduced to the property within a certain time after the listing expired. The owner is protected from any liability from actions the broker performed while the listing was in force.
An exclusive right to sell listing is the most widely-used listing agreement. Under this agreement, the broker has the exclusive right to market the property for a specified period of time.
A A protection or safety clause provides that a broker may be entitled to a commission if the property sells during a certain period following the termination of the listing agreement.
What type of clause allows a broker to collect a commission for some period of time after the listing expires? a deed restriction.