Odell v. Wessinger

The provision of the Code, § 4-313, that a “broker’s commissions are earned when •. . he procures a purchaser ready, able, and willing to buy, and who actually offers to buy, on the terms stipulated by the owner,” is “applicable to a case where the procured purchaser first obtains an option to purchase, and subsequently within the specified time, exercises the option by electing to purchase, and gives an unconditional notice *839thereof to the optionor. In such a case the broker’s right-to commissions does not accrue until the option has been . exercised. When, however, the option has been…