The holdover period is also known as which of the following?

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Multiple Choice

The holdover period is also known as which of the following?

Explanation:
The holdover period is the time after a listing ends during which a broker can still earn a commission if a buyer who was introduced during the listing ends up buying the property. This protection is labeled in practice as a safety clause, a protection clause, or an extension clause, depending on the form. Since all three terms describe the same concept of preserving the broker’s right to commission after termination, all of the above is correct.

The holdover period is the time after a listing ends during which a broker can still earn a commission if a buyer who was introduced during the listing ends up buying the property. This protection is labeled in practice as a safety clause, a protection clause, or an extension clause, depending on the form. Since all three terms describe the same concept of preserving the broker’s right to commission after termination, all of the above is correct.

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