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 broker employed to procure a purchaser and given an option to purchase; held, entitled to exercise the option and convey the property to another at an advance, without being required to account to the owner therefor. But he is required to account to the owner for profits realized on a resale after exercise of option. Neighbor v. Pacific Realty Society, 124 P. 520, 40 Utah, 610, Ann. Cas. 1914 D, 1200.
 
Continue to: