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BEARD v. GRESS

No. 16237.

90 Ill. App.3d 622 (1980)

413 N.E.2d 448

RONALD BEARD et al., Plaintiffs-Appellants, v. F. DALE GRESS et al., Defendants. — (RAY MADSEN, d/b/a Ray Madsen & Associates, Defendant-Appellee.)

Appellate Court of Illinois — Fourth District.

Opinion filed November 20, 1980.

Attorney(s) appearing for the Case

David L. Curl, of Law Offices of John P. Meyer, of Danville, for appellants.

Timothy O. Smith, of Lowenstein, Hubbard & Smith, of Danville, for appellee.

Affirmed in part, and reversed in part and remanded.

Mr. JUSTICE GREEN delivered the opinion of the court:

The principal question in this case is whether a real estate broker representing sellers is liable to buyers under the Consumer Fraud and Deceptive Business Practices Act (Consumer Fraud Act) (Ill. Rev. Stat. 1979, ch. 121 1/2, par. 261 et seq.) for an innocent misrepresentation, relied upon by the buyers, as to the interest rate in a mortgage...

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