News & Insights

"New Jersey Court Sends Clear Message to Real Estate Brokers: PUT IT IN WRITING (AND GET IT SIGNED)!" Real Estate Broker Update, January 2007

December 31, 2006

Recently, in Jeffrey Realty, Inc. v. Kevin Ventice, et al., the New Jersey Appellate Division held that a commercial real estate broker was not entitled to payment of a brokerage commission because the broker failed to reduce to writing his prior verbal agreement with the seller concerning the payment of a brokerage commission.

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