The holdover period begins at which time?

The holdover period begins at which time?

• A. At closing
• B. When the buyer submits an offer
• C. When the listing expires
• D. At signing of the listing agreement

Answer: (C)

The holdover period (often called the protection period) starts when the listing expires. This period is designed to protect the broker after the listing term ends: if a buyer who was shown the property during the listing buys it after expiration, the broker may still be entitled to a commission during the holdover window. It isn’t tied to the signing of the listing, the closing, or the moment an offer is submitted; those events relate to the term of the listing itself or the sale process, whereas the holdover begins precisely at the expiration of the listing.

The holdover period (often called the protection period) starts when the listing expires. This period is designed to protect the broker after the listing term ends: if a buyer who was shown the property during the listing buys it after expiration, the broker may still be entitled to a commission during the holdover window. It isn’t tied to the signing of the listing, the closing, or the moment an offer is submitted; those events relate to the term of the listing itself or the sale process, whereas the holdover begins precisely at the expiration of the listing.