Sec. 496d. Broker Entitled To Commissions When Three-Fourths Of Collections Enough To Pay Them
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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.
Sec. 496d. Broker Entitled To Commissions When Three-Fourths Of Collections Enough To Pay Them
Under a real estate brokerage contract giving the broker a commission of 20% of the list price and one-half of the overage on the prices obtained above the list price, broker is entitled to his full compensation when 3/4 of the collections are sufficient to pay them, though the collections to that time are not equal to the list price. Hopewell Heights Dev. Co. v. Kagey-Marshall Realty Co., 102 S. E. 582, - Va. Sup. - .
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