Short Sale listing, request by Chase bank to add to LA

[Jeff Twigg]

I have been "PENDING" on a SFH property for over one year. I've gone through four or five different file managers and I think we finally see the closing light at the end of the tunnel. Chase bank recently requested I add this into the listing agreement (LA) I have with the seller: "SELLER MAY CANCEL THIS AGREEMENT PRIOR TO THE ENDING DATE OF THE LISTING PERIOD WITHOUT ADVANCE NOTICE TO THE BROKER, AND WITHOUT PAYMENT OF A COMMISSION OR ANY OTHER CONSIDERATION IF THE PROPERTY IS CONVEYED TO THE MORTGAGE INSURER OR THE MORTGAGE HOLDER. THE SALE COMPLETION IS SUBJECT TO APPROVAL BY MORTGAGEE."

I'm not concerned but curious about their angle.  I appreciate any feedback.