Question

A Minnesota listing agreement includes an override clause. To be effective, how soon after the agreement's expiration must the licensee provide the seller with a protective list?

A. Within 10 days
B. Within 20 days
C. Within 30 days
D. Within 40 days

Answer 1

In Minnesota, a listing agreement with an override clause requires the licensee to provide the seller with a protective list within 30 days after the agreement's expiration.

Step-by-step explanation:

In Minnesota, a listing agreement includes an override clause, which is a provision that allows the listing agent to continue to receive commission even after the agreement has expired. According to the provided information, the licensee must provide the seller with a protective list within 30 days after the agreement's expiration. This means that the licensee must give the seller a list of potential buyers who were introduced to the property during the listing period within 30 days after the agreement ends.