Armstrong v. Lattimore

Carley, Judge.

In 1971, through the efforts of appellant-plaintiffs (Brokers), the appellee-defendants (Sellers) sold a tract of real property to a group of investors (Buyers). At closing, the Buyers executed promissory notes to the Sellers for the unpaid balance of the purchase price and the Sellers took a deed to secure debt containing a power of sale. Insofar as it is relevant to the instant appeal, the evidence regarding the Brokers’ commission shows that it was to be paid in *233three equal annual installments and was evidenced by a promissory note from the Sellers to the Brokers. This…