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National · Agency & Fiduciary Duties — free study notes for the real estate licensing exam.
🤝 Agency & Fiduciary DutiesPROCURING CAUSE is the unbroken chain of events that produces the ready, willing, and able buyer — the broker who started and sustained that chain earns the commission, even in disputes between cooperating brokers. A commission is typically EARNED when a full-price (or accepted) offer from a ready, willing and able buyer is produced, even if the seller later backs out. The broker PROTECTION (safety/extender) clause preserves the fee if, within a stated period after expiration, the owner sells to someone the broker introduced — defeated if the owner relists with another brokerage.
Yes. Agency & Fiduciary Duties is a scored domain on the real estate licensing exam, and this topic appears in the national portion.
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