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FAR REALTY ASSOCIATES INC. v. RKO DELAWARE CORPORATION

34 A.D.3d 261 (2006)

823 N.Y.S.2d 403

FAR REALTY ASSOCIATES INC. et al., Appellants, v. RKO DELAWARE CORPORATION et al., Respondents.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided November 9, 2006.

Plaintiff Far Realty Associates and defendant RKO Corporation entered into a brokerage agreement giving the former the "sole and exclusive agency to lease the premises." The agreement also contemplated that Far Realty would receive a commission if "able to sell the premises," with the amount of commission dependent on the sale price. When Far Realty thereafter failed to lease or sell the property expeditiously, defendants advised...

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