Posted by dealmaker on June 21, 2006 at 12:54:39:
Depends on what the contract says, most that I have seen the broker would be, but I’m not an attorney. Consult with yours.
dealmaker
Seller Default - Posted by James Gravley
Posted by James Gravley on June 21, 2006 at 12:24:01:
In the sale of a Business, we had signed contracts on both the Seller and Buyer side, signed commission agreement from the Seller, Buyer submitted his docs to escrow and an escrow account was established.
Seller then decides that he does not want to sell and cancels escrow.
Does the Broker have any recourse since he fulfilled his obligation?