Morgan Development, LLC, et al. v. Raymond W. Morrow, et al.

This appeal involves a failed real estate transaction. Real estate brokers and Raymond Morrow (“Seller”) entered into an agreement to show an unlisted property. Seller did not own the property, but he claimed to have the property under contract with the owner. After the brokers showed the property to Morgan Development and Del Morgan (“Buyers”), Buyers and Seller entered into an agreement for the sale of the property. The transaction was never completed because Seller could not deliver marketable title. Buyers initiated a lawsuit against the brokers along with Seller and the owners of the property, alleging negligent business representation and fraud. The brokers moved for summary judgment. The trial court granted summary judgment and dismissed Buyers’ suit against the brokers because the purchase agreement included a disclaimer. Buyers appeal. We affirm.