In a listing agreement, a provision that if anyone found by the broker during his listing period purchases the property within a specified time after the expiration of the listing, the broker receives his full commission. Back to the Top
A listing provision that grants the broker a commission for a sale made within a specified period of time after a listing expires, if the broker submits the name of the buyer to the owner within a stated period of time as a party with whom the broker had negotiated prior to expiration of the listing.
a legislative requirement to certify that the legislate has properly determined that the bill they propose to pass into law is legitimately necessary for a proper reason under the state and federal constitutions
The clause at the end of a bill eliminating the need to subject that bill to referendum by the people. The safety clause originates in the initiative and referendum provisions of the state constitution, which provide that laws shall be referred to the people, except those "necessary for the immediate preservation of the public peace, health, or safety ...".
A safety clause may be contained in a listing. It provides that a broker is still entitled to a commission for a set period of time after the listing has expired if the property is sold to a prospect, who was introduced to the property by the broker, during the period of the listing.
A clause in a listing protecting the broker from having buyer and seller wait until the listing expires to make a deal, thereby avoiding the payment of commission. The clause states that if the property is sold during a specified period after the expiration of the listing (or any extension thereof) to a buyer provided during the listing period by the broker, the commission shall be paid.
A clause in a listing that protects the broker from having buyer and seller wait until the listing expires to make a deal, thereby avoiding paying the commission.
A clause that provides for a broker to collect a commission for a set period of time after a listing terminates, provided the broker gives a list of names, in writing, of all potential buyer's procured during the listing period, to the seller.