Carlsen v. Zane

The plaintiffs are copartners and licensed real estate brokers who entered into a 90-day written “exclusive right to sell” agreement with the defendants on January 17, 1965. The agreement contained the following provisions: that the plaintiffs had the exclusive and irrevocable right to sell a 15-acre parcel of unimproved land owned by the defendants until the expiration date of April 17, 1965, for the sum of $3,600 per acre; that the brokers had the right to negotiate sales of the 15 acres in separate 5-acre parcels; that the owners agreed to pay the broker 10 percent of the selling price;…