Majority
Headnote
Brokers (§ 54[1] ) — Real Estate Agent — Procuring Purchaser — Right to "Commission.This action is to recover $50, alleged to have been earned by the plaintiff as a real estate broker in procuring a purchaser of the defendants’ house and lot. On August 13, 1903, the plaintiff, at the request of the defendants, brought to them a prospective purchaser of the premises in question; and, after the payment of the required deposit, the defendants signed the following receipt:
“Aug. 13/09.
'“Rec’d of Mr. Jos. Blaustein fifty dollars deposit on house No. 401 14th St. The "price is ($4,400) forty-four hundred dollars, Fifteen hundred ($1,550) cash,-' and the seller agrees to take back a second mortgage of six hundred ($600) for one year and six months, one hundred arid fifty ($150) dollars to be paid on signing of contract. Title to be passed on Oct. 14th, 1909. Sign contract on Saturday evening, Aug. 14th, 1909, [Sighed] John Kraft,
“Luise Kraft.”
On the following evening the purchaser and the defendants met to sign the. contract. The defendants then insisted that the purchaser pay, in addition to the amounts .specified in the foregoing receipt, the
The writing of August 13th served to fix the terms of sale and the details of closing the transaction, and contemplated the execution of a formal contract. The plaintiff procured a purchaser able, ready, and willing to complete the purchase upon the terms prescribed by the defendants in the writing of August 13th. The defendants'thereupon imposed further terms, which, amounted to an increase in the price at which they had offered the property to the prospective purchaser. Under these circumstances the plaintiff should not be deprived of the fees that he had earned. “If the efforts of the broker are rendered a failure by the fault of the employer,” said Judge Finch in Sibbald v. Bethlehem Iron Company, 83 N. Y. 378 , 384, 38 Am. Rep. 441 , “if capriciously he changes his mind after the purchaser, ready and willing, and consenting to the prescribed terms, is produced, * * * then the broker does not lose his commissions.”
The plaintiff produced a purchaser who was not only ready and willing to complete the transaction according to the terms prescribed by the defendants, .but who was willing to complete the purchase upon terms more burdensome toe him than those contemplated by the writing of August 13th. He earned his commissions.
The judgment should be reversed, and a new trial.ordered; costs to abide the event. All concur.
Cases cited
- Sibbald v. Bethlehem Iron Co. 83 N. Y. 378 at 384, 38 p. 199