Originally Posted by
Condorich
Very good advice indeed... very good advice indeed.
How about this to reinforce the message? Exclusive to agent, and agent has a offer from a direct buyer. No one in the world knows except the agent. Agent then pretends that no one is interested in buying and get his friends or other agents to make the lowest possible offer for the buyer to grant him/her the option. Then with that option granted, just a 1% to start the ball rolling, they immediately offer the option to the real buyer and chase them to exercise, option period is also likely to be shortened to less than 14 days if they can.
Some work on Sat by midnight and date the first option on Sunday or Monday, very likely since they are the ones who fill up the option form for you. This is to enable them to deliver to the real buyer on Sat and have the full period mapped directly. Nobody would smell a rat. Unless the ownership is checked. For a project under TOP.. heh heh, good luck!
Next is to pester and chase the original direct buyers to exercise their options, one thing that they will do by 12,13 or even 14 days. Then once they have obtained confirmation that the buyers exercised. Its jackpot!!!! usually more than $50k for them. 1 day work and no capital involved at all. But the returns? The dirty secret for the trade. Shame on those! Will never allow exclusive again. Might even do it on my own since it is actually quite easy to do on your own.