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Business Organizations Keyed to Macey
Premier Van Schaack Realty, Inc. v. Sieg
Citation:
51 P.3d 24 (2002)Facts
On February 7, 1997, Sieg entered into the listing agreement with Coldwell Banker. Coldwell Banker subsequently assigned the agreement to Premier. In March 1997, Premier’s real estate agent introduced Sieg to Michael Davis, Marion Vaughn, and Jane Johnson (DVJ), who offered to purchase the property for $1.3 million. However, the sale never closed. In Juny1997, DVJ and Sieg signed an operating agreement, forming the LLC, MJTM. When Premier discovered that Sieg had entered into this arrangement with MJTM, it demanded its commission of 7% of $1.3 million. Sieg refused to pay and Premier filed suit.
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