Former Corcoran sales director suing for commissions from Five Franklin, the Avery and Linden78

A former sales director for Corcoran Sunshine Marketing Group says she
has been stiffed for more than a quarter million dollars in residential
brokerage commissions for sales in high-profile developments including
Five Franklin, the Avery and Linden78, a court filing says. Broker Nancy Reese accuses Corcoran Sunshine and other Corcoran
entities of withholding at least $200,000 in commissions on closed
sales and says the developer of Linden78 owes her $70,000 in
commissions on canceled contracts, the court papers say. The lawsuit was filed at a time when experts believe more contracts
will be canceled as the condominium market continues to deteriorate.
But real estate lawyers said most contracts between brokerages and
developers include clauses that state that commissions are not due
until the title is passed to the buyer, so brokers are generally not
paid when a contract is canceled, attorney Adam Leitman Bailey, who was
not involved in the case, said. [more]