Caldwell v. Consolidated Realty & Management Co.

OPINION

By the Court,

Mowbray, J.:

This appeal centers on the construction of an extension clause in a printed exclusive listing agreement furnished by respondents. In an attempt to validate the clause, which is meaningless as printed when read as a whole, we construe the word “purchaser” to mean “purchase,” thus giving the clause a meaning that is reasonable and consistent with the purposes of such clauses. As neither appellants nor respondents secured a purchase of appellants’ property within the term of the listing agreement or the subsequent 45-day period specified in the extension clause,…