A few years ago, just when I thought I had seen everything in the real estate business, another "Real Estate" person came along and tried to make my life more...interesting.
Two years ago, I received a telephone call from another NV licensed Broker. (To protect me from litigation, I will be using the "Broker" alias.) "Broker" had written an offer and submitted it to my Seller through an unlicensed person who had decided he could act as a real estate broker for my client. Let's call him "Sleazy Non-broker." (Still following?)
My Seller hadn't -- yet-- contacted me about the received offer, but "Broker" was calling me to let me know that he wrote an offer for $3.7 Million and submitted it to the Sleazy Non-Broker. This offer was for much more than I had listed the property at.
So, I asked "Broker" to email the offer to me. I told him that I would discuss it with my Seller. Contacting my Seller, the Seller said he was going to counter at a HIGHER PRICE! Taken aback, I explained the situation with my Seller, that from what I saw in this offer, this was a one time offer, and was to be accepted "As Is."
He immediately decided to not accept the Offer. I asked him to meet me at my office because I said there were other language provisions in the offer that were not -- correct? I also asked him why he was allowing this Sleazy Non-Broker to represent him in Selling his property when he listed it with me. He said that the "Sleazy Non Broker" was a friend of his.
Anyway, when he arrived, I pointed out that the Offer was filled with clauses that prevented him as the Seller from: a.) collecting the full $3.7 Million purchase price -- even before the close of escrow; b.) prevented him from suing the Buyer IF he as the Seller found anything during the escrow to be illegal or unethical; and c.) the Buyer had a Power of Attorney clause inside of the offer that would allow him to make Seller decisions during escrow. Huh?
My Seller was upset. Though he is NOT born in America, he has lived here the majority of his life. He was upset that his "Friend" -- the so called "Sleazy Non-Broker" had called and convinced him it was a good offer. And, when I pointed out that the total amount of Money he'd actually be entitled to upon the close of Escrow was $50,000.00 Max!, He was not amused. That's correct: Fifty Thousand Dollars!! I asked him to tell anyone making or trying to submit offers to have them talk directly to me -- ONLY! He agreed.
And, he was most upset that he would NOT be able to sue WHEN he discovered that he would have agreed to NOT SUE if he endorsed the offer.
I would love to tell you the names of this "Sleazy Non-Broker," and disclose the supposed Buyers' names so that you can avoid them at all cost. But, as I said above, I want to avoid litigation. As for people who know me well, you can ask me at some time in the future quietly.
For "Honest" Information about Las Vegas Commercial Real Estate Investments, contacting David Howes is easy -- either: davidATdavidhowesDOTnet OR at: 70 25 01 93 88 AND you can Follow David on Twitter: @DavidAHowes
Two years ago, I received a telephone call from another NV licensed Broker. (To protect me from litigation, I will be using the "Broker" alias.) "Broker" had written an offer and submitted it to my Seller through an unlicensed person who had decided he could act as a real estate broker for my client. Let's call him "Sleazy Non-broker." (Still following?)
My Seller hadn't -- yet-- contacted me about the received offer, but "Broker" was calling me to let me know that he wrote an offer for $3.7 Million and submitted it to the Sleazy Non-Broker. This offer was for much more than I had listed the property at.
So, I asked "Broker" to email the offer to me. I told him that I would discuss it with my Seller. Contacting my Seller, the Seller said he was going to counter at a HIGHER PRICE! Taken aback, I explained the situation with my Seller, that from what I saw in this offer, this was a one time offer, and was to be accepted "As Is."
He immediately decided to not accept the Offer. I asked him to meet me at my office because I said there were other language provisions in the offer that were not -- correct? I also asked him why he was allowing this Sleazy Non-Broker to represent him in Selling his property when he listed it with me. He said that the "Sleazy Non Broker" was a friend of his.
Anyway, when he arrived, I pointed out that the Offer was filled with clauses that prevented him as the Seller from: a.) collecting the full $3.7 Million purchase price -- even before the close of escrow; b.) prevented him from suing the Buyer IF he as the Seller found anything during the escrow to be illegal or unethical; and c.) the Buyer had a Power of Attorney clause inside of the offer that would allow him to make Seller decisions during escrow. Huh?
My Seller was upset. Though he is NOT born in America, he has lived here the majority of his life. He was upset that his "Friend" -- the so called "Sleazy Non-Broker" had called and convinced him it was a good offer. And, when I pointed out that the total amount of Money he'd actually be entitled to upon the close of Escrow was $50,000.00 Max!, He was not amused. That's correct: Fifty Thousand Dollars!! I asked him to tell anyone making or trying to submit offers to have them talk directly to me -- ONLY! He agreed.
And, he was most upset that he would NOT be able to sue WHEN he discovered that he would have agreed to NOT SUE if he endorsed the offer.
I would love to tell you the names of this "Sleazy Non-Broker," and disclose the supposed Buyers' names so that you can avoid them at all cost. But, as I said above, I want to avoid litigation. As for people who know me well, you can ask me at some time in the future quietly.
For "Honest" Information about Las Vegas Commercial Real Estate Investments, contacting David Howes is easy -- either: davidATdavidhowesDOTnet OR at: 70 25 01 93 88 AND you can Follow David on Twitter: @DavidAHowes
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