Question

A safety clause in a listing contract means what? The broker may claim a commission if the owner sells to a person that the broker introduced to the property within a certain time after the listing expired. The owner is protected from any liability from actions the broker performed while the listing was in force. The broker can extend the term of the listing agreement if a buyer is preparing to make an offer. The seller may not have to pay a commission if the buyer doesn’t complete the offer.

Answer 1

Answer: The broker may claim a commission if the owner sells to a person that the broker introduced to the property within a certain time after the listing expired.

Explanation: Safety clause are usually included in a listing contract, so as to allow the broker lay claim to a commission of the owners sells to a person the broker introduced to the property within a certain point in time, even after the listing had expired. This is put in place to protect the interest of the broker: