(Download) "Matter Nevada Realty Corporation Et Al. v. Basil A. Paterson" by Supreme Court of New York ~ eBook PDF Kindle ePub Free
eBook details
- Title: Matter Nevada Realty Corporation Et Al. v. Basil A. Paterson
- Author : Supreme Court of New York
- Release Date : January 04, 1982
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 72 KB
Description
Proceeding pursuant to CPLR article 78 to review a determination of the Secretary of State of the State of New York, dated September 11, 1981, which, after a hearing, held that the petitioners, Nevada Realty Corporation and Julio Gallardo, had demonstrated untrustworthiness and imposed a penalty. Determination confirmed and proceeding dismissed, on the merits, with costs. George and Claire Pappas listed their house for sale with Lewis and Murphy Realty. That listing provided for the seller to pay a brokers commission of 6% of the sales price, and to pay any FHA placement points. Petitioner Nevada Realty Corporation and petitioner Julio Gallardo, Nevadas representative broker, received the listing from the Multiple Listing Service of Long Island, Inc. Under the terms of the listing, if petitioners were to make a sale, they would receive 65% of the 6% commission with the remaining 35% going to the listing broker. Subsequently, the petitioners and sellers agreed that instead of the original commission, the sellers would pay a flat $7,600, to include all mortgage costs. It is disputed who presented such agreement but the sellers complained that they were induced into this fee arrangement by [90 A.D.2d 485 Page 486]
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