What clause in a listing agreement ensures that brokers can receive compensation for their services?

The clause that ensures brokers can receive compensation for their services is typically the ready, willing, and able buyer clause. This clause indicates that the broker has fulfilled their obligation by producing a buyer who is ready, willing, and able to make the purchase on the terms stipulated in the listing agreement. When this condition is met, the broker is entitled to a commission, regardless of whether the sale is ultimately finalized or not.

This clause is significant in establishing that the broker has effectively performed their duties, which justifies their compensation. In contrast, the other options do not specifically focus on guaranteeing compensation based on the broker's efforts in finding a buyer. The exclusive agency clause primarily pertains to the exclusivity of the agency relationship and may not always guarantee commission if the owner independently sells the property. The open listing clause allows multiple brokers to market the property, which can complicate compensation. The termination clause relates to the conditions under which the listing agreement can be dissolved and does not address compensation directly. Overall, the ready, willing, and able buyer clause is crucial for confirming a broker's right to compensation when they have effectively found a buyer.