A friend who has been looking hs been offered a job. His role is to
gve out gift cards, that start at 300l doolars but also go higher if
people have a more expansive hom. For every card he hands out antd
hey sign for , he gets 30 dollars. By signing, the car reciipient has
to agree that if he ever sells his hous someone from the group that
gives out the cards will get the listing, and he commission when the
house is sold The commission is usally 7%, though it may be split
bewtween buyer's and seller's agents, and the seller may have agreed o
pay less comission if he could arrange it.
Buy back to my friend. Have you ever heard of a plan like this before.
Is it a fraud? Legal? Will it be too hard to get people to sign?
The company is out $330 for the average house and won't get it back
until the owner decides to sell and succeeds in selling, which could be
next year or in 30 years. plus I thnk they have to monitor all these
poiple to make sure they don't hire another agen. That shouldn't be
hard, Just google every address once a month to see if it's listed for
On Friday, August 22, 2014 1:24:15 AM UTC-4, Pico Rico wrote:
I agree, probably not many. You might snag the few that think they
will be selling in the not too distant future, if the commission wasn't
7% and the real estate firm were known, competent, respected, etc.
But I doubt a firm that meets that last criteria would be doing this
to begin with. I wonder what the gift cards are exactly? Could be
$300 at someplace few people give a crap about, or could be $300 VISA
card. Big difference, but it still has the big problems.
They don't by chance require your friend to pay for the cards himself,
upfront, until he sells them, do they?
To offer people cash TODAY for a promise tomorrow,
that's worked on a lot of people. Might work.
If I was selling the cards, I'd want some kind
of assurance, I wasn't wasting all my time and
someone else keeps the money.
I'm suspicious. Too many ways to work like a dog
and invest a load of your own money and get zero
for your efforts.
> want anything to do with this?
Probably the same you libs who voted for Obama,
free phones. Free medical care, and he's gonna
pay my rent and put gas in my car, too!
Of course, the Obama Phone "you libs" are not
in right mind, so your point is very valid.
You are totally correct. No HO in right mind
would touch this.
Doubt he'll make much. First, few homeowners will sigh a legal document
about their future rights for a mere $300. It would probably take a
half hour to convince a homeowner to do it once contact is made. To
earn a living, you'd have to sell at least 6 a day, five days a week.
Ten would be better. Only way to make any money would be to pitch a
group of people at a time like a boardwalk huckster. Maybe toss in a
Ginsu knife too!
On Fri, 22 Aug 2014 08:15:12 -0400, Stormin Mormon
When I was a teenager, I had a job canvassing for alumimum siding and
other home repairs. I was a Fuller Brush Man making about a dollar an
hour when he recruited me. (A dollar an hour wasn't bad then for a
summer job.) I gave him my number and he called when I was at work.
My mother answered. She insisted on a base salary and a commission on
any job he got because of me.
As frustrating as it was, I worked 8 hours a day, except I think one
day, 5 hours in, someone told me that they were going to tear down the
whole neighborhood for an expressway. It would have been nice if
someone else had told me earlier.
I didn't get any enthusiastic leads, but I gave him the names and
addresses of a few unenthusiastic people. When the job was over, after
4 days or a week, I went back to all of them to see if they had
contracted for work. No one had. Then he didnt' want to pay the base
salary, about a dollar an hour iirc, so I said, Let's talk to your boss.
So we did, and I'll give him credit, he didn't lie at all when we talked
to his boss, and the boss said he had to pay me, maybe 32 dollars, maybe
29 for the short day (I forget if Iworked elswhere or what I did after I
left the soon-to-be-destroyed n'hood. Funny though, I knew the
boss's name and my mother was probably friends with his wife. I did
not bring that up however. Trying not to rely on my mother entirely.
Went back to being a Fuller Brush man.
I think he was offered a base salary too, but I might be mixed up with
another job possibility.
30 a week, x 30 each x 50 weeks a year would be 45,000 a year. He
doesn't expect that much. He lives on much less, no car, no wife, no
children, for exaample, but he looks every day but hasn't had a job for
6 months, maybe it's 8 months by now.
He already turned down one job where he thought they were liars. He was
supposed to get prospects, for what I forget, and tell them, Be sure to
ask for me, Joe, when you get here. But the prospective boss told him
that they never refer people to the person they had already talked to.
He could have taken the job and just not told them to ask for him, so no
lying on his part, and the boss would probably never know, but he
thought anything that depended on his lying at their instruction was no
place to work, even if he himself got paid, and I agree with him.
Those of you, not you Stormin or Trader or Ed, who snickered at his
plight, I wonder what you would consider if you were out of work for 8
In selling a home $300 is small change. Also, tell us about these gift
cards. $300 of groceries or gas might be nice but $300 of gym membership is
worthless to most folks. Fill out an online survey and you'll get some
gifts. You won't want the gifts so you won't use or take the gifst. In other
words you filled out the survey and received nothing that had any value to
I found the webpage that relates to this.
I don't know how to find out the giimmick without signing up, but maybe
you guys are more clever than I am.
Click on "How we do it"
The Company is called Exceed. This is their "smart homeowners program".
From a homeowner's perspective, I don't like this. You're committing
yourself to a legal obligation in exchange for fairly small amounts of
money doled out at the company's discretion. If you never get the
cash, you're still saddled with the legal burden, unless you take them
to court to break it.
Some online info about it:
A new real estate scheme is alive and active on the streets of
Albuquerque and on the electronic thoroughfares of the Internet as
well. But is the scheme a scam? It certainly appears to be another
example of the old rule – if it sounds too good to be true, it
...I felt that something was really off due to them not sending any
gift cards out to the homeowners who do indeed sign a lifelong
contract to limit their use of brokers to Exceeds list of them. And in
the fine print, they give themselves a possible 4 months longer than a
year before any gift cards are sent! Wow...sounds like a scam. So I
called one of the brokers on their list of supposedly contracted
brokers with them and I spoke to the owner. She had never heard of
them. Then I walked into the Centurt 21 office and they too had never
heard of the program! Spoke to the office manager. So that is two out
of four on their list of only four brokers for Readding....never heard
of them! That is fraud to represent that they are contracted with them
to homeowners and the homeowners end up signing a lifelong contract to
limit their use of only these brokers.
Nonsense. If they don't give you the gift cards, you can do anything you p
lease, you have no obligation to them. They aren't going to sue you to
enforce a contract they breeched, when
they have no case and it's $300. It's like saying some guy shows up to buy
your car, you make a contract, he agrees to pay you by Sat, he leaves and
never pays. Clearly you're not obligated to give him the car and can sell
it to someone else.
In fairness to the company, they don't say that they have agreements with
all those realty companies, everywhere. They have a box where you can put
in your zipcode and check your area. I did and for NJ they had no particip
firms. So, I don't think you can claim outright fraud. They probably do
have agreements with realty firms somewhere. But the fact that nothing at
all comes up for an urban area of NJ also tells you something.
Also, I don't see anything on the website that says what these gift cards
actually are. As David pointed out, $300 in a VISA card is one thing. $30
in discount coupons for a dry cleaner or a hot dog stand 25 miles away is
another. The fact that I don't see anything about the actual cards is a bi
red flag to me.
Also, right now they have no realty firms in NJ. Suppose they did have
4 good ones right now. Then 4 years from now, I want to sell my house and
they only have one shyster. Apparently you're stuck with the shyster.
Anyone want to sign up?
If you signed up, they can still haul you into court for failing to
honor the contract even though they failed to honor it as well. That's
the point: that you are creating a potential legal headache for
yourself if these guys decide to pursue their legal claim against you.
Five years on, and it's your word against theirs that they failed to
uphold their end of it. In the meantime, they've got your signature on
They aren't going to sue you to
It's not $300 for them. It's 7% of the sale price of your home. *That*
is what they're angling for, and that's what they're offering cheapass
gift cards for in hopes of securing. For a $200K home, they're looking
at a potential sales commission of $14K. You think they'd walk away
from that? I don't.
It's like saying some guy shows up to buy your car, you make a
contract, he agrees to pay you by Sat, he leaves and
And clearly, if you had an agreement, he can file suit and haul your
ass into court. Then, and only then, can it be legally determined
whether the contract is still valid.
That's the point: by agreeing to this, you open yourself up to the
risk of a future lawsuit, and the accompanying expense and
aggravation, even if you prevail in the end. Is that risk worth a few
hundred bucks in gift cards? Not for me, it isn't.
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