The Most Unusual Transaction....

By
Real Estate Agent with Charles Rutenberg Realty
When I started my real estate career back in 1992, I worked in a very rural area in the Ozarks.  There was an "old-timer" in the office that told many funny anecdotes about his rather colorful beginnings.  He related the one about a buyer and seller coming to terms on a transaction, only to find the buyer was short of cash.  As we know, the escrow deposit can be any "valuable consideration."  So they decided the listing agent would take possession of a goat.  During the term that it took the transaction to close, the agent would feed and care for the goat.  The transaction went down the tubes, however, when the goat died.  Obviously, the goat was now not worth the original price that had originally been given it and the deal died (along with the goat).  I guess it puts teeth into the case against co-mingling funds.

Comments (3)

Tyler Wedel
THIRD TENNESSEE REALTY - Monterey, TN
Is that really a true story.
Aug 24, 2006 06:42 AM
Kathy Moore
Charles Rutenberg Realty - Hernando Beach, FL

Tyler, It was told to me as a true story.  I have no reason to disbelieve it as I worked with the agent involved for quite some time.  It is perfectly legal as long as the buyer and seller agree to the terms.  Could it happen in today's world? Yes, but probably wouldn't.

Aug 25, 2006 01:20 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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