Believe it or not, 2008 is almost over! With less than 3 months to go, my goal is to hire 7 more agents. I need all the help I can get from my fellow rainers! Because of the depressed market, it's been really hard hiring agents, especially good agents!
Brokers, what are you doing that is working?
Agents, what are you looking for in a broker? I know change is not easy, but what motivates you to actually take the move?
This just came to my attention after I posted about whether agents use the Buyer Broker Agreement.
California appellate court enforced a real estate broker's right to compensation under C.A.R.'s buyer-broker agreement.
Schaffter v. Creative Capital Leasing Group, essentially involved a buyer who, in 2002, entered into C.A.R.'s buyer-broker agreement, which was a precursor to the current Buyer Representation Agreement-Exclusive (Form BRE). The agreement obligated the buyer to compensate the real estate broker upon entering into 16 contracts to purchase new units in certain condominium developments. The buyer closed escrow on eight of these transactions and defaulted on the others, yet failed to pay the broker the compensation as promised. For the eight defaulted transactions, the buyer and seller mutually agreed to return all but $1,000 of the buyers' deposits to the buyer.
The broker in this case sued the buyer for the unpaid compensation for all 16 transactions. C.A.R. submitted an amicus curiae or "friend of the court" brief in support of the broker's position. The buyer, however, argued that the mutual agreement between the buyer and seller to unwind the transactions extinguished the buyer's obligation to pay the compensation. The court disagreed. The court observed, "As CAR explains in its amicus brief, the 'default' provision of the Buyer Broker Contract recognizes that when a buyer defaults under a purchase agreement, it would not be fair to deny the broker the right to be paid for services rendered under the Buyer Broker Contract." The court also stated, "The seller's post-default conduct is, of course, immaterial to determining whether the buyer defaulted." The court awarded the broker the compensation owed for all 16 transactions, plus attorneys' fees and costs.
Way to go!
Our company philosophy is: "Agents are the talents. Agents are the bosses. We are dedicated to providing superior service, training and care to our TEAM members, so that our Agent Team can in turn provide over-the-top customer service to the clients."
Since we believe our Agents make the company, our Agents makes 100% of their hard-earned commission.
Whether you are an experience Agent, a new Agent, or just thinking of getting your real estate license, we can help you be the best Agents in town.
We want to cultivate long and profitable relationships with our TEAM.
Please contact our Team Leader, Kathy, to JOIN OUR TEAM!
Abacus Properties, Inc.
(858)674-6648 office
(858)583-4631 mobile
Our company philosophy is: "Agents are the talents. Agents are the bosses. We are dedicated to providing superior service, training and care to our TEAM members, so that our Agent Team can in turn provide over-the-top customer service to the clients."
Since we believe our Agents make the company, our Agents makes 100% of their hard-earned commission.
Whether you are an experience Agent, a new Agent, or just thinking of getting your real estate license, we can help you be the best Agents in town.
We want to cultivate long and profitable relationships with our TEAM.
Please contact our Team Leader, Kathy, to JOIN OUR TEAM!
Abacus Properties, Inc.
(858)674-6648 office
(858)583-4631 mobile
Moving to San Diego? Let the Agent Team at Abacus(www.AbacusPropertiesInc.com) help you!
Our great agents specialize in different parts of the county, from all the beach towns, such as La Jolla, Del Mar, Coronado, Solana Beach, Pacific Beach, Carlsbad, etc. to the inland I-15 corridor, like Rancho Bernardo, Poway, Scripps Ranch, etc., and anywhere in between! We also have agents who speaks Spanish, Chinese, Vietnamese, Korean, Farzi, and English, of course!
Our Team at Abacus are upbeat, technology driven, knowledgeable, ethical, and diligent. Customer service is our priority!
Check us out: www.AbacusPropertiesInc.com
Call our Team Leader, Kathy TODAY!
Abacus Properties, Inc.
(858)674-6648 office
(858)583-4631 mobile
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