Final answer:
A broker earns a fee under a safety clause when a property sells to a buyer introduced by the broker during the listing period, after the listing expires but within a specific protection period.
Step-by-step explanation:
A broker earns a fee under a safety clause when a property is sold after the listing agreement expires, but to a buyer who was introduced to the property by the broker during the term of the listing agreement. This clause is designed to protect the broker's interest in earning a commission for the work done in marketing the property. For a broker to be entitled to this fee, certain conditions must typically be met, such as the sale occurring within a specified protection period after the listing expires and the broker must have registered the buyer with the seller.
A broker earns a fee under a safety clause when a client decides to cancel a contract or agreement within a specified period of time. Safety clauses are commonly used in real estate transactions, where a broker may earn a fee if a buyer or seller backs out of the deal before closing. For example, if a buyer decides not to go through with the purchase of a property during the inspection period, the broker may still be entitled to a fee.