American Law of Real Estate Agency Including Options Purchases Sales Exchan

Cover American Law of Real Estate Agency Including Options Purchases Sales Exchan
American Law of Real Estate Agency Including Options Purchases Sales Exchan
William Slee Walker
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Guthman v. Meyer, 63 N. Y. S. 971, 31 Misc. 810. See also Sees. 465, 33.
Sec. 542. After memorandum contract signed, and purchaser refused to pay water tax, broker entitled to commissions.
Defendant employed plaintiff to procure a purchaser for certain property at a specified price; plaintiff secured a pur- chaser at the price: defendant received a payment down and signed a memorandum, expressing the conditions of the agree- ment as to the terms and time of signing a formal contract, but at the
... agreed time she refused to sign the contract because the purchaser would not pay the water tax, which had then become a lien on the property. Held, that plaintiff was entitled to his commissions. Brand v. Nagle, 107 N. Y. S. 156, 122 App. Div. 490.
Sec. 543. Unavailing efforts to perform do not entitle a broker to commissions.
A broker is entitled to no compensation unless a bargain be effected, and even in that event has no claim for reimbursement of his expenses. Didem v. Duralde. 2 Rob. (La.


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