Virginia State Real Estate Exam Practice Question
A broker whose listing has expired has given the seller the names of buyers who were shown the property... What listing contract clause requires this action...?
Correct Answer: A
Rationale: The protection clause ensures that a broker receives compensation for bringing potential buyers to a seller, even after the listing expires. This clause protects the broker's efforts and interests by requiring them to disclose buyer information.
The due diligence clause pertains to the seller's obligation to provide necessary information for the sale, not buyer disclosures. The procuring cause clause focuses on who is entitled to a commission based on their role in securing a buyer, rather than requiring disclosure of buyers. The MLS permission clause relates to the use of listings in the Multiple Listing Service, not the obligation to inform sellers about potential buyers.
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