| Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
| earnings |
allocation |
transaction |
|
Summary:
While the application was filed on 08-02-95 and the licence was surrendered a few days prior, a payment on account of real estate was issued to the claimant on 30-03-95. Umpire stated that the law is quite settled, claimant's earnings from real estate should be allocated to the week in which the transaction that gave rise to the earnings occured only when the Agreement of Purchase and Sale was completed, i.e., when the transaction was closed and property changed hands.
| Issue: |
Sub-Issue 1: |
Sub-Issue 2: |
Sub-Issue 3: |
| earnings |
earnings |
commissions |
|
Summary:
A payment on account of real estate was issued to the claimant. Umpire stated that the law is quite settled, claimant's earnings from real estate should be allocated to the week in which the transaction that gave rise to the earnings occured only when the Agreement of Purchase and Sale was completed, i.e., when the transaction was closed and property changed hands, not when the offer to purchase was signed.
