481. Estate agent's commission.

A contract by which an owner of property puts it into the hands of an agent for letting or sale amounts to a promise binding upon the principal to pay a sum of money upon the happening of a specified event through the instrumentality of the agent1. Unless express provision has been made in the contract between the estate agent and the seller no charge can be made for work that does not result in completion of the matter2.

The following conditions must be satisfied before the agent can claim his commission:


    (1)     the agent must introduce a person who