Question
Scenario: A wealthy retail executive and a struggling attorney (partners) purchased a home after the holiday for $1,000,000 having been given the homes address by
Scenario: A wealthy retail executive and a struggling attorney (partners) purchased a home after the holiday for $1,000,000 having been given the homes address by an elderly real estate broker.
At the end of escrow, despite the partners insistence and written agreement that the real estate broker receive an equal share of the six percent (6%) sales commissionthe homes listing broker claimed the right to the entire $60,000 commission.
Of The partners ( the struggling attorney handled the contract and legal details of the transaction, representing themselves) maintained that they never would have found the house without the real estate broker providing the address.
Under the circumstances, what will the arbitrator deciding this commission dispute do (choose a, b, c, d):
a. Award all $60,000 to the listing broker.
b. Award $30,000 to the listing broker, and $30,000 to struggling attorney (the partner) who actually did the legal work in the purchase of the home.
c. Award $30,000 to the listing broker, and $30,000 to wealthy retail executive, who actually produced the ready, willing, and able buyers, i.e., the partners.
d. Award all $60,000 to the buyers broker who made this miracle sale happen.
[?]
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