Legal Question in Business Law in Florida
Corporation liability
A real estate brokerage corporation received a commission for a sale of a property before construction was completed as the developer offered this incentive. The commission was promised and paid after the buyer made the required second deposit. The Co-operating Brokerage Agreement is unclear as to whether the sale must close. If the sale does not close and the developer retains the buyer's deposit, is the corporation required to return the commission or, as a corporation, is this entity protected from any legal action to obtain a return of this commission?
Asked on 1/14/04, 3:08 pm
1 Answer from Attorneys
Alexander M. Rosenfeld
Rosenfeld & Stein, P.A.
Re: Corporation liability
To provide you with a meaningful reply, I would first have to read the co-op brokerage agreement.
Answered on 1/14/04, 11:44 pm
Related Questions & Answers
-
Hostile take over of a business and a force sale out is it legal? I sold out my... Asked 1/04/04, 12:13 pm in United States Florida Business Law
-
Restocking Fees Hello, I am being charged a re-stocking fee on a defective item that... Asked 1/02/04, 10:05 am in United States Florida Business Law
-
Am I liable for this payment? Last year I started my own outpatient medical... Asked 12/18/03, 1:51 pm in United States Florida Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
