Legal Question in Business Law in New York

real estate broker compensation
I have a question about a
commission that I earned at my
former broker firm in NY, and am
being paid out as the gross
commissions are received in
installments from the landlord. For
reasons that I will spare you at the
moment, unless you feel it is
relevant to the following question,
my share was recently reduced in
order to compensate someone else
over a year after the transaction
closed. I don't feel it's fair, but it may
not be practical to mount the
expense of a legal challenge.

I had received an earlier installment
this year based on the original
amount I calculated I was entitled to.
Recently, I received checks based on
the reduced share. I have not
deposited either of them.

My question is: if I deposit the
reduced commission checks, do I
prejudice a future potential legal case
challenging the adjustment?

Asked on 12/29/08, 1:25 pm

Michael Markowitz Michael A. Markowitz, PC

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0 attorneys agreed

Re: real estate broker compensation

No, unless the check clearly indicates that deposit constitutes agreement to the reduced commission.

By the way, as a broker you may be entitled to arbitration, which would significantly reduce legal fees for litiation.

Mike.

Answered on 12/29/08, 1:48 pm

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