Loomis v. Lange Financial Corp.

OPINION

In August 1989, appellants, Cebe Loomis and her sons Andrew Loomis, Christian Loomis, and Just Loomis (collectively, “the Loomises”), enlisted the services of respondent Lange Financial Corporation (“LFC”), a California brokerage firm, to find a buyer for four parcels which the Loomises owned in downtown Reno. The Loomises entered into a marketing agreement with LFC for a nine-month term beginning August 28, 1989, and concluding on May 28, 1990. The marketing agreement, an LFC standard form contract, provided that the Loomises would pay LFC a ten percent commission on the sale of the…