Question

A broker produces a supposedly ready, willing and able buyer. At closing, the seller is unable to provide marketable title to the property and the buyer cannot come up with the financing to purchase the home. Is the broker due a commission?

Answer 1

Answer:No

Explanation:By sense of duty, the broker should be should be considered for a commission .But by reasonable conclusion,No.This is to buttress that point,that commissions are only paid on sales.There was no sale so no commission for the broker.This justify the saying that effort is not enough but result. The broker should have properly validated all the documents before bringing in a buyer.It sure part of his duty.The broker is therefore entitled to no commission on negligence of duty