Wilkens Square, LLLP v. W.C. Pinkard & Co.
18 A.3d 878
| Md. | 2011Background
- Colliers Pinkard was Wilkens Square's broker for Pratt Street property; Wilkens hired Pinkard under a Listing Agreement.
- CMC entered into an Acquisition Consulting Proposal with Pinkard, which Pinkard says governed potential investments, including Pratt Street.
- Brokerage/Acquisition agreements overlapped: Pinkard had a contract with CMC (ending December 31, 2005) and a separate Listing Agreement with Wilkens for Pratt Street.
- Auction and sale process for Pratt Street occurred in early 2006, with CMC bidding and Wilkens ultimately selling to CMC on April 28, 2006; commission sought by Pinkard totaling $226,321.67 after closing.
- CW Pinkard argued dual agency existed because of concurrent engagement with CMC and Wilkens; Wilkens claimed Pinkard represented only Wilkens in Pratt Street sale.
- Court of Special Appeals affirmed trial court; Maryland Court of Appeals granted certiorari to address dual agency, disclosure duties, and related issues.
Issues
| Issue | Plaintiff's Argument | Defendant's Argument | Held |
|---|---|---|---|
| Was there a dual agency in the Pratt Street sale? | Petitioners argued dual agency existed and warranted forfeiture of the commission. | Respondent contends no dual agency occurred because Pinkard did not represent CMC in the Pratt Street sale after 2005 and acted for Wilkens. | No dual agency as a matter of law; trial evidence insufficient to prove dual representation in the Pratt Street sale. |
| Did the Brokerage Agreement apply to the Pratt Street sale despite expiration and the seller representation? | Brokerage Agreement likely covered all properties Pinkard presented that were purchased by CMC, including Pratt Street. | Agreement did not apply to properties where Pinkard represented the seller (Wilkens) and to Pratt Street after expiration. | Evidence generated a question of fact whether the Brokerage Agreement applied to Petitioners' sale of Pratt Street. |
| Did Pinkard owe a fiduciary duty to Wilkens to disclose its relationship with CMC? | Non-disclosure of CMC-Pinkard relationship could be material and breach fiduciary duties, potentially affecting sales outcome. | No material fact shown; knowledge of the relationship was not shown to influence Wilkens' decision to sell. | No material undisclosed fact shown; court rejected breach of fiduciary duty claim based on non-disclosure. |
Key Cases Cited
- Ricker v. Abrams, 263 Md. 509 (1971) (dual agency requires representation of opposites in the same transaction; evidence-free of dual agency if not present)
- Ocean Petroleum Co. v. Yanek, 416 Md. 74 (2010) (objective contract interpretation; four-corners approach; ambiguous language; extrinsic evidence if ambiguous)
- Cochran v. Norkunas, 398 Md. 1 (2007) (contract interpretation standard; reasonable person perspective)
- Collier v. MD-Individual Practice Association, Inc., 327 Md. 1 (1992) (contract interpretation and extrinsic evidence principles in Maryland)
- St. Paul at Chase Corp. v. The Manufacturers Life Co., 262 Md. 192 (1971) (duty to disclose material information in fiduciary relationships)
- Sellner v. Moore, 251 Md. 391 (1968) (disclosure obligations and material facts in brokerage context)
