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Free Books / Real Estate / American Law Of Real Estate Agency / |  |
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Sec. 154. That Customer Does Not Own Property Offered, No Ground For Principal's Refusal, Where He Has A Contract For The Purchase Of The Land, To Exchange |
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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.
Although the customer does not own the fee of the property offered by him, this is insufficient ground for the principal's refusal to make the exchange, where the customer has a contract for the purchase of the property, and is ready and willing to carry out the agreement. Bauman v. Nevins, 65 N. Y. S. 84, 52 App. Div. 290. See also Secs. 87, 180.
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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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