Posts Tagged ‘real estate broker’
If Buyer Defaults, Seller Still May Owe Real Estate Commission
Question: We signed a purchase contract for the sale of our Peoria home, and escrow is scheduled to close next week. Although we are prepared to close, we have been having second thoughts about moving to a California beach town. Therefore, we were not exactly unhappy when the buyer telephoned us that he no longer…
Read MoreCourt of Appeals Approves Verbal Co-Broker Referral Agreement if Performed Within One Year
On November 23, 2012, the Arizona Court of Appeals ruled that a verbal referral agreement between two real estate brokers was not enforceable because the verbal referral agreement could not be performed within one year as required by the Statute of Frauds. Facts Broker A entered into a verbal referral agreement for a…
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