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McADAMS v. DOROTHY EDWARDS REALTORS, INC.

No. 34S04-9212-CV-983.

604 N.E.2d 607 (1992)

Walter I. McAdams and Margie L. McAdams, Appellants (Plaintiffs below), v. DOROTHY EDWARDS REALTORS, Inc. and First Federal Savings & Loan Association of Kokomo, Appellees (Defendants below).

Supreme Court of Indiana.

December 17, 1992.

Attorney(s) appearing for the Case

Joseph H. Davis, Lawrence R. Murrell, Kokomo, for appellants.

J. Conrad Maugans, Kokomo, for appellees.

ON PETITION TO TRANSFER

SHEPARD, Chief Justice.

The question is what duty, if any, does a real estate broker owe a buyer when the broker is the agent of the seller?

I. History of the Transaction

Donald and Loretta Parnell owned a home in Kokomo. In 1975, they mortgaged it to secure a $31,000 loan from First Federal Savings & Loan. In 1980, the Parnells decided to sell the house. They chose Dorothy Edwards Realtors as their broker...

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