The issue on this appeal is whether a real estate broker, licensed in the State of New Jersey but not in New York, may recover for brokerage services rendered in this State.
On February 28, 1979, West 73rd Street Associates (Associates), the owner of 11 Riverside Drive in Manhattan, entered into a letter agreement whereby Associates agreed to pay M. L. Schultz Co. 10% of the profits derived "when, as and if earned by Associates from...
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