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 who negotiates a loan and receives his commission from the borrower, taking a note payable at his office to the lender, is not authorized to receive payments on such note. Englert v. White, 92 Iowa, 97, 60 N. W. 224. Compare Secs. 255, 257, 356.
 
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