Question

Alex wanted to sell a four-story office building. He was represented by Maria, who was a licensed salesperson employed by principal broker Adam. Maria found a buyer, Hank, and negotiated a purchase agreement, which all parties signed. Alex decided not to pay the float fee of $55,000 he'd negotiated with Maria in the listing agreement. Who can record a lien on the office building?

a) Maria
b) Alex
c) Hank
d) Adam

Answer 1

Maria, as the licensed salesperson represented by principal broker Adam, may pursue legal actions or remedies to recover the unpaid fee from Alex in the sale of the office building.

Step-by-step explanation:

In this scenario, Maria, the licensed salesperson employed by principal broker Adam, represented Alex in the sale of the office building. According to the information provided, Maria negotiated a purchase agreement with Hank, the buyer, and all parties signed the agreement.

However, Alex decided not to pay the float fee of $55,000 that was negotiated in the listing agreement with Maria. A float fee is typically a fee charged by a broker or agent for services rendered during the sale of a property, and it is usually paid by the seller.

Since Alex did not pay the float fee, Maria may have a claim for the unpaid fee as stated in the listing agreement. Maria, as the licensed salesperson represented by principal broker Adam, may pursue legal actions or remedies to recover the unpaid fee. However, it is important to note that the lien is not automatically recorded on the office building itself. It is a claim against Alex for the unpaid fee, and any legal actions taken may involve court proceedings and potential consequences based on the outcome.