Escalation Clause | TREC's Opinion | Pat O'Brien of RE/MAX Access's Opinion
As my friend Bob Jacob's puts it, "I don't like anything that is design to screw someone else" and that neatly sums up what I believe the intent of an escalation clause isAs REALTORS® we are not lawyers and our job is that of sales person. We are here to help people buy and sell real estate. We have a fiduciary responsibility to help all of our clients and to be fair and honest. I think this clause brings a gamesmanship to real estate that can only spell trouble.
Wanting to avoid practicing law, I thought I would share this video:
I hope this helps clarify what is becoming a sticky situation for my buyers and sellers in our market.
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