Peavy v. Walker

This is an appeal by T. B. Walker, defendant below, from a decree awarding complainant a recovery for real estate commissions claimed in the bill.

The bill alleges that on December 29, 1951, defendant entered into a contract with complainant, a duly licensed real estate broker, giving complainant the exclusive right to sell defendant’s property on North Chamberlain Avenue in Chattanooga within a period of 30 days for $125,-000. In event of sale defendant agreed to pay complainant *384a commission of 5%. Tlie bill alleges that complainant immediately began contacting prospective purchasers…