Gatton v. Stephen

UHLENHOPP, Justice.

The decisive question in this appeal in an action to recover a realtor’s commission is whether the realtor proved as a matter of law that he produced a buyer ready and willing to purchase on terms prescribed by the seller.

C. M. and Glema Stephen owned a farm in Poweshiek County, Iowa. They listed it for sale on a 5% commission with Kelly Gatton, a licensed realtor, “at the price of $264,000.00 for property: $10,000.00 to be paid when contract of sale is made and balances as follows: Balance on Contract with a total of $60,000 down and balance 15 years at 6% Int. or any…