Flamingo Realty, Inc. v. Midwest Development, Inc.

*985OPINION

By the Court,

Steffen, J.:

THE FACTS

Respondent Midwest Development, Inc. (“Midwest”) owned a 45-acre parcel of real property situated in Las Vegas. Respondents Pius Reiger and Leroy Hilt were the principal shareholders of Midwest. In May of 1990, Midwest decided to sell the parcel for a net price of $5,250,000.00. Appellant Terry Fields1 *986approached Midwest in early September of 1990 and offered to provide a “ready, willing, and able” purchaser of the subject property. Thereafter, Midwest executed in favor of Fields a nonexclusive listing agreement that recited a “list price” of…