Prior to 1994, there was no explicit agreement that told buyers they would have their rights represented in a real estate transaction.
The Exclusive Buyer Agency relationship was born out of a lawsuit – Bokusky et al. vs. Edina Realty, where a group of plaintiffs launched a class action lawsuit against Edina Realty in the US District Court in 1993.
The court awarded the plaintiffs $20 million in 1993 (worth $31,845,674 in 2012 dollars) because it felt that the buyers were led to believe they were being represented when they really weren’t.
Buyer agency, as you can see, came at a very high price and yet today, buyers don’t get the attention, support, direction and results they deserve when making the biggest investment in their lifetime.
Join Our Exclusive Prestige Buyer Club
Get Insider Access to Bank Owned Properties before the public, view privilege condominium financials, and more
- Have you ever found a property that you really desired, but were told that it was already “under contract”?
- Are you looking for a home, but don’t have time to keep coming here to view properties?
- Are there certain buildings you like, but are concerned about the financial health?
- Do you hate the hassles of the closing and condo interview process?
- Are you tired of leaving messages on other agents’ voicemail?
- Or would you just like to work with a competent real estate broker who always knows what is going on in the market and can negotiate creatively to get the job done for you?
If any of these scenrios describe how you are feeling, or if you are serious about purchasing your home and would like to make the process easier, faster, and get priority service, then join our complimentary PRESTIGE BUYER CLUB. Here are just some of the benefits of joining:
- We have over 25 banks and servicers that give us the foreclosed properties . You will get insider access to these at least 1 to 2 weeks ahead of time before they are for sale to the general public. This way you can be the one to have the offer in place before it is listed.
- You don’t have to come down each time a new property hits the market. We will drive there, and shoot a quick walkthrough video for you so that you can really see how it looks, the good and the bad, and decide if you would like to buy or not.
- Usually the good deals dont last..but as a Club Member, you can get these much earlier in the process and save time.
- We have a dedicated executive manager who is solely in charge of coordinating everything from the time you go under contract until closing. We can also turn on the utilities for you, coordiante your furniture, do your orientation, and handle all the details so that all you have to do is just show up and enjoy the Lifestyle.
- You will receive your own special PRESTIGE phone number that is only given to Club Members and not available to anyone else. This will ensure that you get the priority treatment you deserve.
- Let’s face it, it is hard to find a good, knowledgable, available, and skilled real estate broker to assist you in the process who knows not only how to get a transaction done, but also one that knows how to run a successful real estate business while managing others, and have the time to serve your needs. After all, you are either running your own business, or you play a critical role in your company and have to manage others. Wouldn’t it be nice to work with a broker that knows how you feel versus one that doesn’t?
- You will get an ALL-ACCESS PASS and will automatically receive the email alerts, best buy lists, weekly foreclosure list, monthly market stats, and much more.
- Receive a Comprehensive Report on the of almost any condo building you like, including where it ranks among the other buildings in the area.
Membership is not for everyone. There is never an obligation to buy anything. We are here to assist you whether you need to buy now, or wait a few years. All we ask is that you choose us to be your agent when you are ready……
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