The broker's commission for certain disclosed buyers is protected by the "holdover clause" in the approved Right-to-Sell Listing Contract. Which of the following correctly describes the length of protection afforded by this clause?

1. for a negotiated time unless the seller lists the property with another broker after expiration and the "Will Not" box is checked

2. only during the term of the listing and any extensions

3. for a negotiated time even if the seller lists the property with another broker after expiration and the "Will Not" box is checked

4. for up to six months after the listing expires

Question

Harry Ponce

Business

27 April, 00:35

The broker's commission for certain disclosed buyers is protected by the "holdover clause" in the approved Right-to-Sell Listing Contract. Which of the following correctly describes the length of protection afforded by this clause?

1. for a negotiated time unless the seller lists the property with another broker after expiration and the "Will Not" box is checked

2. only during the term of the listing and any extensions

3. for a negotiated time even if the seller lists the property with another broker after expiration and the "Will Not" box is checked

4. for up to six months after the listing expires

+3

Answers (1)

Know the Answer?

Leticia Coleman · Answer 1

for a negotiated time unless the seller lists the property with another broker after expiration and the "Will Not" box is checked.

Explanation:

If broker checks "Will Not" and he lists the property with another broker, length of protection is adversely affected.