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The Holzmans signed an exclusive listing agreement with the Blum real estate brokerage firm. The contract
provided that the Holzmans had an obligation to pay a commission ?oif they enter into a written agreement to sell the property to any person during the term of this exclusive listing agreement.?? The Holzmans entered into a written agreement to sell their house for $715,000 to the Noravians. On the advice of their attorney, the Holzmans included a default provision in this contract stating that in the event of default by the Holzmans, the Noraviansâ only remedy would be a refund of their deposit. Subsequently, the Sterns offered $850,000 for the property and the Holzmans canceled their contract with the Noravians and returned their deposit. After the exclusive listing period expired, the Holzmans executed a contract to sell their property to the Sterns at the offered price of $850,000â with the contract calling for the Holzmans to pay half the real estate fee to Blum and half to a cooperating broker. Blum was paid this fee of $21,500.
Blum brought suit against the Holzmans seeking the full commission for the Noravian contract under the exclusive listing agreement. Did Blum have a legal obligation or ethical duty to advise the Holzmans when considering the Sternsâ offer that he believed they were obligated to him for the full commission under the Novarian contract
? Decide. [Holzman v Blum, 726 A2d 818 (Md App)]