Maryland | Real Estate Law
3/19/00, 1:32 pm
Legal Question
commission in property exchanges
I am a broker, and have a property listed for sale. Another broker called me, inquiring about the possibility of his client trading or exchanging his property for my client's property.
I drew up a contract of sale, with the deposit being listed as the trade-in property.
In the contract, I noted that I and the 2nd broker were to receive a commission from each party, and split the total commission 50-50. The 2nd party refuses to pay commission. How should this be worded in a contract to protect myself?
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Read More Answered By: Jeffrey Thompson |
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