DocketNumber: 16900
Citation Numbers: 248 P. 605, 121 Okla. 157, 1926 OK 643, 1926 Okla. LEXIS 87
Judges: Riley, Branson, Harrison, Mason, Phelps, Lester, Hunt
Filed Date: 7/27/1926
Status: Precedential
Modified Date: 11/13/2024
This cause presents an action by a real estate broker upon a verbal contract for commission earned in procuring a purchaser ready, able, and willing to buy.
The parties will be referred to as they appeared below.
The trial court found, in substance, that defendants were husband and wife and owned certain residence property in the city of Tulsa; that plaintiffs were real estate dealers in said city; that defendants listed their property with plaintiffs for sale, and plaintiffs found a purchaser, to wit, Independent Torpedo Company, which was ready, willing, and able to purchase said property; that defendants entered into a written contract for the sale of said property and received from said company $1,500 as a part of the purchase price; that the defendants agreed to pay the plaintiff real estate brokers a commission of five per cent. on the first $5,000, and two and one-half per cent. on the balance, or a total of $500; that a credit as an offset of $123 should be allowed. Judgment was accordingly rendered for plaintiffs in said sum with interest.
It appears that in Abbott et al. v. Independent Torpedo Co.,
By the adjudication of this subject-matter we are forced to the conclusion that a valid contract of sale was not procured — but is it necessary for the recovery of a commission by a real estate broker, in the absence of a stipulation to that effect, that he produce the purchaser's written contract of purchase? We think not.
In Worley v. Carroll,
"Where a broker contracts to furnish a purchaser ready, able, and willing to purchase described property on the owner's terms, he is not required to produce the purchaser's written contract of purchase, unless the contract so provides." (And authority cited.)
In the case of Bleecker v. Miller,
"Where a real estate broker furnishes a purchaser ready, willing, and able to buy upon terms and conditions proposed by the seller, such agent has earned his commission, and if thereafter the seller refuses to comply with his contract, the agent is not required thereafter to procure or tender to the seller an enforceable contract." Garland v. Carpathia Pet. Co.,
From an examination of the record we are of the opinion that there is sufficient evidence to warrant the finding that the plaintiffs procured a purchaser ready, able, and willing to buy, and for the reasons stated, and upon the authorities herein cited, the judgment of the trial court is affirmed.
BRANSON, V. C. J., and HARRISON, MASON, PHELPS, and LESTER, JJ., concur. HUNT. J., disqualified, not participating.