Real Estate Practice : Lesson 1530

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Education & Training with The Real Estate Mart of Tennessee, Inc. TN LIC# 290452

                                                       #1530

When a safety clause is added to a contract for the listing of a property it basically creates a measure of safety for the broker which effectively entitles the broker to a commission if the property is sold within a specified time, after the listing contract has expired, to a buyer that the broker had shown the property to during the term of the listing agreement.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. True

The safety clause may be established for a set amount of time with a definite expiration date and will entitle the broker to a commission if the property, listed in the listing contract, is sold to any buyer that the broker had shown the property to or negotiated with during the term of the listing agreement, and entitles the broker to a commission after the listing agreement expires.

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