Akers v. James T. Barnes of Washington, D.C., Inc.

The basic issue in this appeal is whether the trial court erred in concluding that a permanent loan commitment, secured by a broker, was in substantial compliance with the terms of the brokerage agreement under which the broker was operating. Appellants contend that the commitment deviated from the brokerage agreement in two significant respects. We agree. Therefore, we will reverse the decision of the trial court and enter final judgment for appellants.

The brokerage agreement in question was entered into between Robert W. Akers and C. Gordon Zeeman as “Owner” and James T. Barnes of…