All Forum Posts by: Jeff Allen

Quote from @Steve K.:

Quote from @Jay Hinrichs:

Quote from @Jonathan Greene:

Quote from @Jay Hinrichs:

Quote from @Jonathan Greene:

Quote from @Robert Ellis:

Quote from @Kevin Sobilo:

Quote from @Robert Ellis:

Quote from @Kevin Sobilo:

This is the pertinent section of a NAR Exclusive Buyer Agency Agreement from PA. I suspect contracts in most states are similar. (Click on the image snippet above to enlarge it and see it more clearly)

 I doubt they signed an exclusive it's procuring cause 

@Robert Ellis, since the NAR settlement went into effect its required to sign a buyer agency agreement prior to showing a property now.

If it wasn't an exclusive buyer agency agreement there would be no contract to cancel because it would be by definition NON-exclusive.

In addition since the NAR settlement they have removed the NON-exclusive buyer agency agreement for buyers.

So, unless this was an OLD contract from prior to the NAR settlement it is very likely an exclusive buyer agency agreement.

 do you live in a special universe where realtors do what they say? you ever worked with an Indian buyer and asked them to sign something? you giving way to much benefit of the doubt to the realtor. especially new builds and salaried employees it's a whole other animal. thanks for the law brush up

Your comments keep getting worse and worse here. Literally, everything you are saying is false, wildly offensive, or just ignorant. We don't know the specifics between the client and the realtor, but you seem to be one that jumps on the all realtors suck bandwagon, in addition to the outwardly prejudice one.

If you read the original post again, there is nothing in there in any way to say that the realtor did not do their job.

You should be banned from the site for your prejudice as well.

 I think everyone is missing the point.. as a small time builder myself and very familiar with how most builders work especially the larger ones.. When the broker registered her clients ( these folks) its done the builder will honor this and pay the agent regardless if their floor rep takes over or not.. thats what registering the client means.. Many builders do this as they really dont want to work with agent who may not understand new construction.. I know we deal with this on all our sales.. Agents that simply dont understand new construction. The bigger builders just want them registered so the buyer does not circumvent the agent like this nice buyer is trying to do :)  its done they are registered and the builder will pay that agent regardless

That's a great point. Often, the on-site agent will assist a buyer's agent who doesn't know much to get through the transaction because the agents on-site who work for the builder are on salary.

 PS some buyers think if they come direct to us the builder owner we will discount the price by the amount that we have to pay another agent.  that is a big NO we simply wont do that try as they might though.. :)  if the market was horrid or if a total buyers market that could change but for the last 12 years I have been doing this its a resounding NO we dont discount because your using an agent.. My wife has to now work with them through the whole process and its a ton of work she deserves those fee's. 

We also have our Courtney Clause .. which states we can terminate the contract give them their deposit back and 500.00 at our sole discretion if we feel we are not getting along and the buyer is just too difficult to work with .. we have had to bring that to the attention of some buyers and their agents to bring them back in line..  And I have fired probably 5 buyers before we got started.. Just new they were going to be nightmares..  Some buyers are just not worth working with when we have other buyers that will be much easier to work with. 

I’d love to hear the story of how the Courtney Clause got its name. 

 Courtney was a super picky buyer that was brutal to work with and we decided we needed a way to terminate clients that were just too much work..So all buyers sign this clause and when they start being over the top picky we then gently mention the Courtney clause and we are happy to give them their deposit back and terminate. this calms them down at least until we can close the deal up by then they are happy to move into their new home

This mindset continues to blow my mind from people. I had someone the other day who brags to me that he only goes to the listing agent...crying to me why I didn't let him know about an off-market deal that closed where I found it for my buyer.

Why on earth would I try to help you when you clearly see little value in me and think we're all the same? I have 200 clients I work with and many who have done deals with me already. I am going to cut all of them in line to give you a potential opportunity? How does that make any sense?

I get an inquiry every other week from someone like OP who just wants off-market stuff, doesn't want any help listing or on the MLS or when they sell their Home Depot grade flip they want 1% listing fee. Then you guys call the realtors dumb lol...maybe you are the dumb one?