Coffey & Co. v. Traditional Homes

By Judge E. Ballard Baker

This is an action by a real estate broker for a sales commission. James Brown, an employee of Coffey & Co., acting as a broker, obtained an offer from Ronald Harper to buy a described home in Huntington subdivision from the defendant owner-builder at $41,600., contingent on a VA loan of $37,500.00 at 8¼%. The defendant accepted the offer. The date of the Sales Contract was March 1, 1975. Settlement was to be on or about May 20, 1975.

The defendant had not built the house under VA supervision, and a VA inspection was required. Application for a VA loan was made on March…