Reese Realty Co. v. Pal Realty Co.

Benham, Judge.

This case arose as a dispute over the splitting of a real estate commission. Appellants, a real estate brokerage firm and its principal broker, sold a piece of property shortly after their exclusive listing on the property had expired. After the expiration, but prior to the sale, an agent of appellee Pal Realty Co., Inc. (“Pal”), had procured a listing for the property. When the property was sold, Pal demanded a split of the commission. Reese Realty Co., Inc. (“Reese”), refused to pay any of the commission to Pal. When agreement could not be reached, Pal requested arbitration of…