Source: https://chestofbooks.com/real-estate/Law-Real-Estate-Brokers/Chapter-XVI-Failure-Of-Principal-To-Complete.html
Timestamp: 2019-04-19 01:00:06+00:00

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Here, as in the preceding chapter, it must be kept in mind that there is a conflict in the decisions as to what amounts to a performance of the broker's obligation. Briefly, the difference is this, - some cases hold that the broker must procure an enforceable contract of sale before he has earned his commissions, while others hold that the broker has earned his commission when he produces a purchaser ready, willing and able to purchase on his principal's terms. The latter may be regarded as the prevailing rule.
These conflicting views are thus briefly referred to in order that the statements of the present chapter may be considered accordingly, and so that the authorities given may not be confused and the attempt be made to apply them in jurisdictions where the prevalence of one or the other of the rules set forth might make these authorities inapplicable.
¹ See Sec. 117-119 supra and footnotes thereto.
2 See Sec. 166 supra as to scope of chapter.
3 Mooney v. Elder, 56 N. Y. 238 (1874); Brackenridge v. Claridge, 43 L. R. A. 593 (1898); Ayres v. Thomas, 116 Cal. 143 (1897); McDermott v. Mahoney, 115 N. W. 37 (Iowa 1908); King Powder Co. v. Dillon, 96 Pac. 441 (Colo. 1908).
4 Ryer v. Tnrkel, 70 Atl. 72 (N. J. 1908).
5 McLaughlin v. Wheeler, 1 S. D. 521 (1891), (citing Hamlin v. Schnlte, 34 Minn. 534; 27 N. W. Rep. 301; Mooney v. Elder, 56 N. Y. 238; Hannon v. Moran, 71 Mich. 261; 38 N. W. Rep. 909).

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