In a recent case, the Buyer of a business along with its real Property refused to pay the Broker for finding and presenting the Buyer with the sale of the Property.
The Property was not listed on the MLS. The Broker found the Property which is considered to be an off-market Property. Before providing the Property information to the Buyer, the Broker required the Buyer to sign a confidentiality agreement, which the Buyer executed. As the deal progressed, the Broker sent the Buyer a Brokerage Services Agreement. However, while the Buyer acknowledged the Brokerage Services Agreement and that it would be reviewed, the Buyer never signed the Brokerage Services Agreement.
