Chapter III. Exchanges Of Real Estate. Sec. 149. In Estimating Commissions On An Exchange, The Actual And Not The Trade Value Is The Basis
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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.
Chapter III. Exchanges Of Real Estate. Sec. 149. In Estimating Commissions On An Exchange, The Actual And Not The Trade Value Is The Basis
In estimating the commissions for a sale of real estate, where part of the price was paid in town lots, the actual and not the trade value of the property should be considered. Boyd v. Watson, 101 Iowa, 214, 70 N. W. 120; Porter v. Hollingsworth, 62 N. Y. S. 796, 30 Misc. 628; Colland v. Trepet, 70 I11. App. 228; Davidson v. Wills (Tex. Civ. App. '06), 96 S. W. 634. See also Sec. 185.
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