Under Ohio law, listing agent Parker's exclusive right-to-sell agreement with seller Davis expired on March 15. On March 20, a buyer who first viewed the property during an open house hosted by Parker on March 10 contacts Davis directly and purchases the property without Parker's involvement. Does Parker have a valid claim for a commission?
Correct Answer
C) Yes, if the listing agreement contains a valid protection clause covering buyers introduced during the listing period
Under Ohio law, many exclusive right-to-sell agreements include a protection (or override) clause that entitles the broker to a commission if a buyer introduced during the listing period purchases the property within a specified time after the agreement expires.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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