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Wausau Industries purchased a ten - acre parcel of land on which five three - family houses and two one - family houses were located.

Wausau Industries purchased a ten-acre parcel of land on which five three-family houses and two one-family houses were located. Wausau hired Joe Crifasi, a licensed real estate broker, to sell the property, listing it for an asking price of $2,000,000.00. Crifasi would receive a commission of six percent (6%) of the sales price.
Unable to find a prospective buyer, Crifasi sold the property to his daughter and son-in-law for $2,000,000.00 and retained the $120,000.00($2,000,000.00 x 0.06) commission without informing Wausau of his relationship with the buyers. After learning of these facts, Wausau sued Crifasi to recover the commission.
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