If you are a seller, your broker will likely present you with an agreement that includes a safeguard clause. While this protects the broker and not you, it doesn`t take advantage of you. It simply ensures that the broker you work with receives the commission due to them for their work buying a buyer for your property. Greg, very similar here in Ohio, and we always explain to sellers that the term of protection is zero when they sign up with another agent. I think the challenge is even knowing the names of the buyers that other agents have passed through during your marketing efforts. We don`t need to provide a list here, but we never let anyone sell during the protection period. The sellers we have stick to the process and stay in mlS if they are really serious about selling their home. A quotation contract is valid from the date you sign it until the expiry date. The expiration date depends on a few factors and varies depending on the situation. The condition of the house, the current real estate market and the needs of the owners are factors that play a role in the validity period of a listing contract. It was a lot and perhaps the most important paragraphs related to the registration agreement! Next time, it will be paragraphs 6 and 7 – Registration service and accessibility, everything about what your agent will do for you once it is listed. Greg, we have a similar clause.
We are not talking about a protection period, but the agreement survives at the end of the listing for a set period of time if the seller sells to someone with whom the listing agent has worked on the property, ES unless the seller registers with another broker. The clause applies in the event that a buyer presented to the property by the listing broker buys the property later after the listing has been removed or expired. .