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IOWA SECURITIES COMPANY v. SCHAEFER

No. 51251.

126 N.W.2d 922 (1964)

IOWA SECURITIES COMPANY, Appellant, v. Richard E. SCHAEFER, Shirley Mae Burke, Frances E. Schaefer, Charles J. Schaefer, Winfield A. White, Thomas E. McGowan, Inc., and Thomas E. McGowan, Appellees.

Supreme Court of Iowa.

March 10, 1964.

Attorney(s) appearing for the Case

Francis J. Pruss, Cedar Rapids, for appellant.

Robert J. Stone, Marion, and Lynch, Dallas, Smith & Harman, Cedar Rapids, for appellees, Winfield A. White, Charles J. Schaefer, and Frances E. Schaefer.

Moyer & Bergman, Cedar Rapids, for appellees, Thomas E. McGowan, Inc., and Thomas E. McGowan.

Nazette & Bromwell, Cedar Rapids, for appellees, Shirley Mae Burke and Richard C. Schaefer.

THOMPSON, Justice.

The life of a real estate broker is in some respects a precarious one. He must procure an offer upon terms stated or at least satisfactory to his principal, or at least be the effective cause of a sale. If he fails to do one of these things, his efforts, no matter how diligent, will be without material reward. On the other hand, if he becomes entitled to compensation, it will generally be substantial. He operates upon the principle that the greater...

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