When does the protection period terminate for a seller?

The protection period for a seller in a real estate transaction typically refers to a specified time frame during which a broker is entitled to a commission if a buyer found through the broker purchases the property. This period is crucial in ensuring brokers are protected for their efforts in marketing and selling the property.

The correct answer indicates that the protection period terminates when the seller signs an exclusive listing agreement with another broker. This is based on the principle that the signing of a new agreement suggests a clear transition in representation. Once a seller opts to enter into a new exclusive agreement, it effectively supersedes any previous agreements with other brokers, thereby terminating the original protection period. This ensures that if a seller decides to engage another broker, the original broker does not retain rights to commission for a sale that may occur under the new arrangement.

In contrast, listing the property for sale, receiving an offer, or withdrawing it from the market does not directly affect the protection period concerning the original broker's entitlement. While these actions can influence the sale's status, they do not signify a formal change in the brokerage relationship that would terminate the seller's obligations under the initial exclusive agreement.