Legal Question in Business Law in Florida

Corporation liability
A real estate brokerage corporation received a commission for a sale of a property before construction was completed as the developer offered this incentive. The commission was promised and paid after the buyer made the required second deposit. The Co-operating Brokerage Agreement is unclear as to whether the sale must close. If the sale does not close and the developer retains the buyer's deposit, is the corporation required to return the commission or, as a corporation, is this entity protected from any legal action to obtain a return of this commission?

Asked on 1/14/04, 3:08 pm

Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

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Re: Corporation liability

To provide you with a meaningful reply, I would first have to read the co-op brokerage agreement.

Answered on 1/14/04, 11:44 pm

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