Marc Held & Game Changer Appellate Victory On Broker Commissions
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“This decision is a game changer for brokers trying to collect commissions when they have been blocked out of the final negotiations of a real estate deal and are not paid a commission,” attorney Marc Held, a partner in Manhattan-based Held and Hines, who represented Talk of the Town, said in a statement. “For decades it was understood that the last broker standing was considered the procuring cause of a transaction.”