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When Does a Real Estate Broker Earn a Commission
A real estate broker generally earns a commission by producing a ready, willing, and financially able buyer on the seller’s terms. Financial ability requires substantiation, and agreement on price alone is insufficient; the parties must agree on material terms such as closing, property condition, and other customary provisions. A commission agreement generally need not be written. In Thomas J. McCarthy Real Estate v. Herlin, the Second Department affirmed dismissal of a broke

Jonathan Freiberger
10 minutes ago4 min read
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