Industry News

Colorado court upholds ruling in real estate commission dispute

Luxury broker sought payment based on agreement to list home
Published on Sep 11, 2007

The Colorado Supreme Court has upheld a state Court of Appeals ruling that invalidated an Aspen real estate broker's agreement to list a multimillion-dollar property for sale and ordered the agent to pay back a commission to a former client. Joshua Saslove, an Aspen broker who specializes in high-end properties, had contended that he was owed a commission for the sale of a property in 1999 based on an agreement with the sellers to list the property for sale. The sellers, though, sold the home without Saslove's assistance. A trial court had originally ruled that the listing agreement was valid and that Saslove was owed a commission for the sale of a property, though the Court of Appeals decision found that the agreement to list the property was ambiguous and not contractually binding. Robert M. Noone, a lawyer representing Saslove, said the question for the state Supreme Court was "whether the agreement, as written, was enforceable." He noted that one of the court's justices ...

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