An agent has an exclusive agency agreement that expires on Friday. On Saturday, the owner sells the property privately to a buyer who first inspected during the agency period. What is the agent's entitlement to commission?
Correct Answer
D) Commission only if the agreement has a clause covering buyers the agent introduced
The agent's entitlement depends on whether the agency agreement contains a protection or tail clause covering sales to buyers introduced during the agency period. Without such a clause, the agent typically has no claim once the agreement expires, regardless of when the buyer was first introduced.
Why This Is the Correct Answer
After an exclusive agency ends, the agent's right to commission depends on the agreement. A protection or continuing-commission clause covering buyers introduced during the term is what gives the agent a claim.
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