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Ummel Case Follow-Up

I got the chance to correspond with a reporter in San Diego who wrote an article this week about one of the juror's responses following the verdict in the Ummel vs. their Realtor (R) case.

Like many of you, the reporter had not heard of Exclusive Buyer's Agents before we had our exchange.

Shortly thereafter she posted this follow-up which included some of my comments:

http://www.voiceofsandiego.org/survival/#blurb1

Here is a small portion of the round-up:

Today I heard from Benjamin Clark, a real estate broker in Salt Lake City, who says he only represents buyers, never any sellers. And he's on the board of directors of a national group of such agents, known as Exclusive Buyer's Agents, who sign a code of conduct that "binds their loyalty to home buyers" and mandates they disclose all comparable sales to their clients.

That was a big issue in the case last week, as the Ummels claimed their agent had caused them to overpay for their house by not telling them about other houses that had recently sold for less. The jury sided with the agent, who was not a member of that organization and as such was not subject to its code of conduct.

The reporter is Kelly Bennett and her original story about the Ummel Verdict is worth a read as well:

http://www.voiceofsandiego.org/articles/2008/04/11/housing/883ummel041108.txt

Here is the link to the juror's response as reported by Ms. Bennett:

http://www.voiceofsandiego.org/articles/2008/04/18/survival/540juror041408.txt

And here is my blog entry regarding the juror's response:

Ummel Case Juror Suggests "Buyers Agents Suck"

The bottom line is this:

If you are planning to buy a home, make sure you get an Agent who is really on YOUR side of the transaction!

If you have excellent credit and will be buying a $250,000-$750,000 home in the next 30-60 days and would like an agent who will work exclusively for you, call us at (801) 969-8989 or contact us via the link on this page.

Exclusive Buyer Brokerages do not list homes and never represent Sellers. Their agents represent Buyers ONLY on the Buyer's side of the transaction. They work to get BUYERS the Best Price and Terms when they Buy...

Finally...

Posted by Benjamin Clark - Exclusive BUYER'S AGENT - Certified Negotiation Expert - SLC, UT on 04/19/2008 11:20 PM

Comments (3)

ummel, buyers agent, jury, case, response, articles, press, eba, exclusive, exclusive buyers agents, representation, court, lawsuit

Originally posted at: Buying a Home in Salt Lake City, UT: Ummel Case Follow-Up

Post is included in group: ABR-Accredited Buyer Representatives
Post is included in group: Exclusive Buyer Agents
Post is included in group: Exclusive Buyer's Agents (EBAs)
Post is included in group: Realtors®

3 Comments on Ummel Case Follow-Up

APR

2008

Benjamin: Good for you! Way to get out there and make a difference. While I am not a exclusive buyers, or sellers, agent, I do firmly believe that I have to represent each client to the best of my ability. Duties are different for buyers, than for sellers. And one thing I will not do is dual agency. I can't see how that benefits anyone except the agent collecting everyone's money.