After a listing has expired, the original listing broker may be paid a commission under the terms of the holdover clause in the original contract if:1. the broker had worked with the purchaser before the expiration date2. the broker had disclosed the name of the purchaser to the sellers before the listing expired3. the broker was the procuring cause for the purchaser4. all of the above

Question

Business

Phillip Colon

1 March, 06:21

After a listing has expired, the original listing broker may be paid a commission under the terms of the holdover clause in the original contract if:1. the broker had worked with the purchaser before the expiration date2. the broker had disclosed the name of the purchaser to the sellers before the listing expired3. the broker was the procuring cause for the purchaser4. all of the above

+2

Answers (1)

Know the Answer?

Cortez Mccormick · Answer 1

Option 4, All the above

Explanation:

After a listing has expired, the original listing broker may be paid a commission under the terms of the holdover clause in the original contract if:

- the broker had worked with the purchaser before the expiration date

- the broker had disclosed the name of the purchaser to the sellers before the listing expired

- the broker was the procuring cause for the purchaser

The broker who listed the property will receive a commission, regardless of who sells the property. The vendor lists another agent after the listing expires, and the buyer's agent submits an offer to the property.