Legal Opinion
McAdams v. Dorothy Edwards Realtors, Inc.
Indiana Supreme Court
Decided December 17, 1992No. 34S04-9212-CV-983PublishedCited by 12 opinions
1Opinion of the Court
ON PETITION TO TRANSFER
SHEPARD, Chief Justice.
The question is what duty, if any, does a real estate broker owe a buyer when the broker is the agent of the seller?
I. History of the Transaction
Donald and Loretta Parnell owned a home in Kokomo. In 1975, they mortgaged it to secure a $31,000 loan from First Federal Savings & Loan. In 1980, the Parnells decided to sell the house. They chose Dorothy Edwards Realtors as their broker, and signed an "Exclusive Right to Sell" agreement stating that the property was to be conveyed "free and clear of all other liens."
In 1981, Walter and Margie McAdams…
2Cases cited5 opinions
- Lawyers Title Ins. Corp. v. PokrakaIndiana Supreme Court · 1992
- Potts v. Review Board of the Indiana Employment Security DivisionIndiana Court of Appeals · 1985
- Wilson v. HaimbaughIndiana Court of Appeals · 1985
- Dorothy Edwards Realtors, Inc. v. McAdamsIndiana Court of Appeals · 1988
- McAdams v. Dorothy Edwards Realtors, Inc.Indiana Court of Appeals · 1992
3Cited by12 opinions
- Robert Lodholtz v. York Risk Services Group, IncoCourt of Appeals for the Seventh Circuit · 2015
- Greg Allen Const. Co., Inc. v. EstelleIndiana Supreme Court · 2003
- Lutheran Hospital of Indiana, Inc. v. BlaserIndiana Court of Appeals · 1994
- Fisher v. KahlerSouth Dakota Supreme Court · 2002
- Tri-Professional Realty, Inc. v. HillenburgIndiana Court of Appeals · 1996
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