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Church Property - Part 4

• The sale of a Georgia church's property triggered an unfortunate legal dispute. In April of 1985, the church had signed an exclusive listing agreement with a realty company to sell certain church property. This listing expired in September of the same year, but the broker continued to assist the church with the sale of its property. A few months later, the broker started his own agency, and presented the church with another exclusive listing contract. In December of 1985 the pastor signed the new contract without reading it. He assumed, based on discussions with the broker, that the contract called for a three-month exclusive listing. In June of 1986, the broker called the pastor with an offer on the property, congratulated him, and reminded him that he expected 10% of the $200,000 sales price as his commission under the terms of the contract. The pastor, thinking that the new contract ...

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Posted:
  • May 1, 1989