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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.
In the real estate industry, there are several key players, but for property owners wishing to sell their home, business, or land, a listing agent is the most important. This person is a real estate agent who contracts with a property owner to represent them in the sale of their property. The agent has several key responsibilities to the property owner, which he or she must fulfill in order to successfully sell the property.