Listing Broker Hit With $270,000 Judgment & Triple Damages For Violating Escrow Duties - 12/14/10 12:52 PM
This post is a continuation of my discussion about the recent Massachusetts Appeals Court case of NRT New England, Inc. v. Moncure (click for link). Last week I talked about why the decision was very important in upholding the standard liquidated damages clause in the the typical purchase and sale agreement.
This week I’ll talk about the court’s ruling that the listing broker violated its fiduciary duties when it messed around with the escrow deposit.
Quick Take-Away The important take away from this case for all real estate agents is that if you are holding a deposit as an escrow agent, … (1 comments)

No One Reads Your Real Estate Market Reports! - 12/12/10 09:41 PM
Last week I presented some social media strategies in front of over 200 Massachusetts real estate agents (which got great reviews by the way!). I got a big laugh from the crowd when I pronounced:
“NO ONE READS YOUR MARKET REPORTS–TRASH THEM!” “What?! I’ve been doing market reports for the last 20 years,” said one Realtor. “I spend hundreds of dollars a month on market report mailers,” said another. “That’s all I post on my blog,” said another.
Waste of time. Waste of stamps. Waste of money. Here are some questions you need to ask yourself if you are relying on … (2 comments)