Todd is a licensed real estate broker in Missouri One of Todd's largest clients, Sun Corp, contracted
Question:
Todd is a licensed real estate broker in Missouri One of Todd's largest clients, Sun Corp, contracted in writing with Todd to find a purchaser for its plant in Kansas and agreed to pay him a 6 % commission if he was successful. Todd located a buyer who purchased the plant. Unknown to Todd, Kansas has a real estate broker's licensing statute which is regulatory in nature, intended to protect the public against unqualified persons Todd violated the licensing statute by failing to obtain a Kansas license. If Sun refuses to pay Todd any commission and Todd brings an action against Sun, will he be entitied to recover?
A. Nothing.
B. A fee based on the actual hours spent
c. The commission agreed upon.
D. Out of pocket expenses only
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin