This section is from the book "American Law Of Real Estate Agency", by William Slee Walker. Also available from Amazon: American law of real estate agency.
Where broker employed to procure a purchaser of property procured a third person to take an option on the property. The death of the owner before the option was exercised did not affect the broker's right to compensation if proper steps were thereafter taken to exercise the option. Finnerty v. Stratton's Est., 123 P. 667, 53 Colo. 17.
Although a broker employed to procure a purchaser would not be entitled to a commission for merely procuring a person to take an option to purchase, where the optionee subsequently exercised the option the right to commissions accrued. Id.
 
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