Dolvin Realty Company v. Holley

Candler, Justice.

(After stating the foregoing facts.) Headnotes 1 and la require no elaboration.

The law is uniform and well settled that an agent, who has been engaged to sell real estate for the owner, may not, either directly or indirectly, purchase it himself, without the express consent of the principal after a full knowledge of all the facts. This is so declared by our Code, § 4-204. The reason for this elementary principle of law is well stated by the author of Pomeroy’s Equity Jurisprudence (5th ed.), § 959, as follows: “The underlying thought is that an agent should not unite his…