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Free Books / Real Estate / American Law Of Real Estate Agency / | ![]() |
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Sec. 105. Option Given And Extended, Broker Held As Acting In The Character Of A Purchaser |
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This section is from the book "American Law Of Real Estate Agency", by William Slee Walker. Also available from Amazon: American law of real estate agency.
In an action by a broker for commissions in procuring a purchaser of timber lands, it appeared that the broker, on learning that the property was for sale, looked it over at different times, and had an interview with the owner as to the price; that thereafter, he wrote a letter to the owner requesting him not to let any outsider know about the price for a time; that the owner replied that he would give the broker an option on the price and conditions named until a specified ' time; this option was extended. Held, not to show that the broker was acting in the sale as a broker of the owner, but in the character of a purchaser. Wood v. Palmer, 151 Mich. 30, 115 N. W. 242, 14 Det. L. N. 963; Harten v. Loeffler, 31 App. D. C. 362.
 
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agent, real estate agency, brokerage, commissions, compensation, contracts, duties, exchanges, exclusive contracts, forms, interpretations, judicial constructions, leases, liabilities of principal, listing, loans, options, contracts, pleadings, practice, law, rights, sales
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