Ranck & Keefe, Inc. v. First Richmond Corp.

Webb, Judge.

This is an appeal from a summary judgment dismissing with prejudice a suit for a real estate broker’s commission. The facts, briefly stated, are as follows.

In late 1972 William A. Rooker, Jr., as president of First Richmond Corporation, discussed with William Ranck, a real estate broker, the possibility of selling the Richmond Hotel in Augusta, a property owned by the corporation. Ranck acquired an exclusive option to sell the hotel for $1,050,000 with a $50,000 broker’s commission if the sale was consummated before March 31, 1973, when the option expired. Ranck was unsuccessful…