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 receiver of an insolvent bank employed the services of an agent to effect a sale of certain realty which he held in right of the bank, agreeing that the agent should receive ten per cent. commission as his compensation; there was no agreement as to when such commission was to be paid, whether out of the cash payments, or on payment of the entire purchase money; the agent sold the property for $85.000; the purchaser paid $10,000 cash, and made default as to the residue. Held, that the agent was entitled to his commission on so much of the purchase money as was or could be paid, and on that only. Peters v. Anderson, 88 Va. 1051. 14 S. E. 974; Murray v. Rickard, 103 Va. 132, 48 S. E. 871. See also Secs. 297, 500.
 
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