Adam Leitman Bailey, P.C. Obtains Payment of Commission for Real Estate Salesperson
Adam Leitman Bailey, P.C. obtained payment by a real estate brokerage of commissions owed to a real estate salesperson as a result of his involvement in a sale of property that had generated millions of dollars in commissions to the brokerage. The salesperson had assisted in locating a purchaser for the property in a new, high-end development. The broker had initially received commissions from the purchaser but had not paid any share of them to the salesperson, Adam Leitman Bailey, P.C.’s client. The client was entitled to commissions in the hundreds of thousands of dollars.
Adam Leitman Bailey, P.C. initially communicated with counsel to the brokerage in an attempt to obtain payment without resorting to litigation that might have proven expensive to the client. When this effort did not bear fruit, Adam Leitman Bailey, P.C. brought an action on behalf of an individual real estate broker who had been employed by the same brokerage and who had been involved in the same transaction and also had not been paid any commissions therefore, seeking payment of commissions for that transaction, and others, under various theories of liability.
Within a month of the filing of the summons and complaint in that action, the brokerage made a payment to the real estate salesperson of the full amount owed to him in connection with that transaction. The brokerage also made a partial payment to the individual broker of commissions owed to him in connection with the same transaction.