Tennessee Real Estate License Exam Practice Question
A broker whose listing has expired has given the seller the names of buyers who were shown the property prior to the termination of the listing. What listing contract clause requires this action if the brokerage is to earn a commission on a later sale to one of the named buyers?
Correct Answer: A
Rationale: The protection clause ensures that a broker can earn a commission if a property is sold to a buyer who was introduced to the property during the listing period, even after the listing has expired. This clause safeguards the broker's interests by recognizing their efforts in generating potential buyers.
The due diligence clause pertains to the responsibilities of buyers or sellers in verifying information and is not related to commission rights. The procuring cause clause focuses on who initiated the sale but does not specifically address expired listings. The MLS permission clause deals with the use of listing information within the Multiple Listing Service and does not influence commission entitlement.
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