03-Apr-2009

In Trezevant Realty Corporation v. Threlkeld, (Tenn. App., 2008) the Court did not allow a listing real estate agent to recover a commission from the property owners even though he brought an offer to the table that he felt was a very good offer. The Court held that " a real estate broker is entitled to his commission when he procures a purchaser who is acceptable to the seller and who is ready, willing, and able to buy on the seller's terms." Parks v. Morris, 914 S.W. 2d 515 (Tenn Ct. App. 1995). In this case, the offer was unacceptable to the seller and therefore a commission was not due to the agent.

Stay tuned next week for more information on why the agent was not allowed to recover a commission.