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Article: Dealing with broker's representation.(Houlihan/Lawrence, Inc.)(Brief Article)
- Article from:
- Real Estate Weekly
- Article date:
- May 24, 2000
- Author:
CopyrightCOPYRIGHT 2000 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Houlihan/Lawrence, Inc. was the Westchester real estate broker who was instrumental in the sale of an "estate" in Westchester to Michael Duval. Although Houlihan was the seller's broker, Duval the purchaser, relied upon the broker's representation when he purchased the property that the residence was designed by the internationally renown architect Stanford White.
About two years after Duval purchased the property, he sought to sell it and retained the same Houlihan as his broker to bring about the sale. Houlihan produced a purchaser but Duval ran into difficulty when the prospective purchaser demanded proof that Stanford White did in fact design the building. ...
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