Dean Vincent, Inc. v. Russell's Realty, Inc.

This is a suit for specific performance of an agreement between two real estate brokers to share equally a brokerage fee of $50,000 resulting from the sale of a large cattle ranch in Lake and Deschutes Counties.

Defendants’ answer denies that there was a joint venture agreement and alleges that plaintiff failed to perform any work of value and was not entitled to any part of the brokerage fee.

The trial court found that there were “insufficient agreements” to constitute a joint venture, but implied an agreement to pay plaintiff for the reasonable value of its services, for which the court…