New Jersey Real Estate 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 is entitled to a commission if a seller completes a sale with a buyer they introduced during the listing period, even after the listing has expired. This clause protects the broker's efforts in marketing the property.
The due diligence clause pertains to the seller's obligation to provide necessary information and does not relate to commission rights. The procuring cause clause deals with establishing who is responsible for bringing about the sale but does not specifically address expired listings. The MLS permission clause is related to listing agreements and sharing information within the Multiple Listing Service, not commission entitlement after expiration.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now