Central Florida Investments, Inc. v. Kott

HARRIS, Judge.

Irwin E. and Jacqueline Kott (Kott) offered to sell certain of their property in Orange County, Florida for $500,000. They listed through Area One, Inc. and agreed to pay a 10% commission for the sale of this property.

Central Florida Investments, Inc. (CFI) was interested in procuring the property and offered to pay $450,000. Kott rejected this offer. Not wanting to lose the sale, however, Area One agreed, in order to induce CFI to proceed to contract, to “assign” a portion of its commission to CFI thus having the effect of lowering the purchase price to $466,667. This was…