Agent

Real estate broker sues over denied sales commission

Working without a written contract creates roadblock

The real estate event of the summer
Connect with other top producing agents at Connect SF, Aug 7-11, 2017

Newmark and Bank Co. filed this lawsuit against Capitol Hill Group, alleging the real estate brokerage is entitled to $454,025 in sales commissions and consulting services involving two properties. The first property, the "Town House Land," was sold to Holladay Corp. for $3 million. Newmark claims a 1 percent sales commission of $30,000 on this sale. The second property, the "Apartment Building Land," was sold for $13.3 million. The sale was never completed, yet Newmark claims a 3 percent commission of $399,000. Purchase Bob Bruss reports online. Newmark bases its claim on the fact that it provided consulting services to Capitol Hill Group and sent two proposed agreements to the seller, which were never signed. Newmark, however, continued providing consulting services, and the sales contracts said the seller shall be solely responsible for any fees owed to Newmark. When Newmark sued land seller Capitol Hill Group, the defendant denied any written listing and pointed to the applicable s...