Deer Run Properties LLC listed a number of condominiums for sale with a real estate broker in September 2005. The listing agreement gave the listing broker the exclusive agency to attempt to sell the property for 12 months, at a 10 percent commission.The broker listed the property on a local multiple listing service (MLS), offering a 5 percent commission as compensation to cooperating brokers/MLS members who cooperated by being the procuring cause of a sale. Several months later, some prospective buyers contracted with Deer Run directly to purchase several of the condo units. Keys to the Lake Lodgings Co., the buyers' broker, recorded a broker's lien notice against the units and notified Deer Run of the lien. Deer Run sued to remove the lien notice, and Keys counterclaimed on grounds that Keys was the procuring cause of the sale and, thus, was entitled to a commission. The trial court ruled in favor of seller Deer Run on its motion for summary judgment. Keys appealed to the ...
by Andrew Wetzel | 7 days
by Brad Inman | 2 days
by Brad Inman | on Mar 21, 2017
by Caroline Feeney | 2 days
by Bernice Ross | 2 days