What is the name of the clause in a contract that protects a broker from losing a commission if a transaction is delayed until after the listing expires?

The correct answer, the Broker Protection Clause, is a specific provision included in listing agreements that helps safeguard a broker's right to a commission even if a transaction closes after the listing period has ended. This clause typically stipulates that if a buyer who was introduced to the property during the listing period ultimately completes the purchase within a specified timeframe after the listing expires, the broker is still entitled to receive the commission.

This clause is particularly important as it provides brokers with some assurance that their efforts in marketing and showing the property will not go uncompensated simply due to the timing of the sale in relation to the expiration of the listing. It recognizes the relationship between the broker and the potential buyer created during the listing period, ensuring that the broker is rewarded for their work even if the timing of the transaction falls outside of the original agreement.

In contrast, while a Commission Guarantee might sound similar, it does not directly relate to protecting a broker from commission issues related to the timing of a listing expiration. A Listing Agreement is a broader term that refers to the overall contract between the seller and the broker, which includes various terms but does not specifically address the concern about commission after expiration. Transaction Clause is also too vague and does not specify the protection of commissions related to