Exclusive Sale Mandate Breach and Commission Entitlement
Synthèse Legislator
Généré par l'IAA property owner granted an exclusive right of sale to an agent for a fixed period, after which the mandate would be tacitly renewed unless specifically terminated by the principal, and the owner later sold the property directly to a third party before the initial term expired, the court found that the agent was entitled to the commission stipulated in the contract upon the sale, as the clause granting the exclusive right of sale effectively prohibited the owner from selling the property themselves during the term, and the subsequent sale, regardless of whether the agent was involved in securing the buyer, constituted a breach of the exclusivity provision triggering the commission payment obligation.
Regeste Legislator
Généré par l'IAExclusive Sale Mandate Breach and Commission Entitlement: A property owner granted an exclusive right of sale to an agent for a fixed period, after which the mandate would be tacitly renewed unless specifically terminated by the principal, and the owner later sold the property directly to a third party before the initial term expired, the court found that the agent was entitled to the commission stipulated in the contract upon the sale, as the clause granting the exclusive right of sale effectively prohibited the owner from selling the property themselves during the term, and the subsequent sale, regardless of whether the agent was involved in securing the buyer, constituted a breach of the exclusivity provision triggering the commission payment obligation.