Ledford v. Faulkner

WINTERSHEIMER, Justice.

This appeal is from a summary judgment dismissing the complaint of Ledford against Faulkner in which he demanded specific performance of a written agreement between the two or the recovery of $707,000 in damages.

The issue is whether KRS Chapter 324, the Real Estate Brokers’ Statute, applied to this transaction and rendered the contract unenforceable for the reason that Ledford did not have a real estate broker’s license.

Ledford and Faulkner were acquaintances for many years before the events leading to this suit, both being involved in the buying and selling of oil and…