"Moe DeLoughan" wrote in message
...
On 8/21/2014 11:35 PM, micky wrote:
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 called Exceed. This is their "smart homeowners program".
http://www.prnewswire.com/news-relea...226123371.html

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 probably is...
http://www.kob.com/article/stories/s3492931.shtml


...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.
http://www.ripoffreport.com/r/Exceed...ego-et-1134090


I looked at their website, but didn't get as much info as you did (maybe I
needed to enter info to proceed). A little survey box popped up asking
something like "why are you not going to sign up with us at this time?" My
response: "I am afraid you will still be in business when the time comes to
sell my house."