Arthur D. Jones & Co. v. Eilenfeldt

Citations

• 28 Wash. 687
• 69 P. 368
• 1902 Wash. LEXIS 536

Syllabus

<p>BROKERS-SALE OP LAND-COMMISSIONS UNCOLLECTIBLE ON OPTIONS.</p> <p>Inasmuch as a real estate broker is entitled to a commission only upon producing a purchaser ready and willing to enter into a valid contract of sale for the property in the broker’s hands, a broker could not recover commissions upon a contract entered into between his principal and a would-be purchaser, by which the latter agreed to purchase the property at a stipulated sum, payable in installments, the first of which was to be paid upon delivery of the contract, which was left with the broker to go into effect upon the payment of the first installment of the purchase price, no time therefor being fixed, but the agreement being conditioned that, if such installment were not' paid on or before a certain date, the contract was to be returned to the vendor, since such agreement is, in effect, merely an option which the purchaser could refuse.</p>