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the agents provided that the agents would (1) pay all expenses incurred in getting the property ready to sell, and (2) have the property surveyed
the agents provided that the agents would (1) pay all expenses incurred in getting the property ready to sell, and (2) have the property surveyed and divided into town lots and have the streets graded, and (3) use their best efforts to sell the property and not be paid for expenses incurred except for a specified share of the sale proceeds. The contract did not specify a time limit for performance. After the agents had performed their part of the agreement and had found buyers for several of the lots, Mariko attempted to terminate the agreement for no apparent cause. May she cancel the agreement? Why or why not? 2. Carlos wanted to sell his farm for $600,000; and he signed open listing agreements with two brokers, Smith and Jones. Smith found a potential purchaser, Marley, who offered $600,000 to Carlos at 10:00 a.m. on March 2. The offer was accepted by Carlos. Later in the day before details such as the amount of down payment and date of possession were settled by Carlos and Marley, Jones produced a potential purchaser, Buckley, who offered $630,000 for the farm. Carlos accepted the offer and sold the farm to Buckley. Does Carlos owe a commission to Smith? Why or why not? 3. Paula entered into an exclusive sales agreement with Flora, a real estate agent. The agreement read: "June 16, 2019, Exclusive sale of property. \#26 Prospect Street, West Bridgewater, Mass., to my agent Flora. We are asking $120,000 (will take as low as $110,000 ). She is to have exclusive sale of same - for 90 days. Paula." Flora advertised the property, discussed the sale with many prospective buyers, and kept a key to the house. During the listing period, however, Flora had to leave town for a week; when she returned, she discovered that Paula had
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