Court Opinion

ID: 6068554
Source: CourtListenerOpinion
Date Created: 2022-01-13 16:49:53.22943+00
Date Added: 2024-06-11T08:52:48.317821
License: Public Domain

Judgment, Supreme Court, New York County (Ira Gammerman, J.), entered September 25, 2000, after a nonjury trial, in an action to recover a real estate broker’s commission, in favor of plaintiff and against defendant in the principal amount of $400,000, unanimously affirmed, with costs.
While the record shows that the prospective buyer procured by plaintiff was willing to assist defendant in effecting a like-kind exchange of the subject condominium unit, a clear preponderance of the evidence shows that the proposed sale was not contingent upon defendant’s ability to consummate a like-kind exchange. The original, written brokerage agreement between plaintiff and defendant’s predecessor contained no such contingency; the letter of intent prepared by defendant’s attorney and signed by the prospective buyer made no reference to any such contingency; and the draft like-kind exchange agreement also prepared by defendant’s attorney clearly provided that the transaction was to go forward even if a suitable exchange property could not be acquired. We have considered defendant’s other arguments, including that the person procured by plaintiff was not a ready, willing and able buyer, and find them to be without merit. Concur — Nardelli, J. P., Williams, Tom, Lerner and Rubin, JJ.