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Free Books / Real Estate / American Law Of Real Estate Agency / | ![]() |
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Sec. 1094. Broker Entitled To Ten Per Cent. On Excess Above $60,000 |
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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.
A contract stipulated that the broker was "authorized to offer" certain property for sale, and in lieu of the usual brokerage " you are offered ten per cent. on the excess above $60,000." Held, that if the broker procured a purchaser willing to pay a sum in excess of $60,000, he was entitled to ten per cent. on the amount accepted by the owners in excess of $60,000. Geoghe-gan v. Chatterton, 99 N. Y. S. 702, 113 App. Div. 835.
 
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