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A safety clause in the fee provision of a listing agreement extends for an additional period after the listing expires the right of a broker to earn a fee for the time and money the broker and his listing agent invest during the listing period in their effort to market the listed property and locate a buyer.
Like everyone else, when Iâm reading the various ads in the real estate section, I see quite a few ads for properties being sold âas is.â The suggestion behind this phrase seems to be that this little two-word phrase absolves the seller (and the listing broker) from any responsibility or liability for existing physical defects with the property, or ...