Ranke v. Corporation & Securities Commission

This is an appeal from an order of the Michigan corporation and securities commission. Plaintiff, a licensed real estate broker, solicited an exclusive listing from George D. Ostergren for the sale of his house in Detroit. A printed form of listing agreement was signed June 29,1944, and a copy mailed by the broker to the seller next day. Within a few days, plaintiff found a buyer for the property, accepted a deposit on the property and forwarded the same to the seller, who promptly returned it.

Thereafter, plaintiff brought ah action in the common pleas court in the city of Detroit for his…