Comparison of Klein vs. Sotheby's Agreements

Welcome to the official Anchor Point Assembly Committee blog!

TO ALL OWNERS IN THE ANCHOR POINT TOWERS: At the recent Anchor Point BBQ presentation, we were asked to speak as an “owners panel” as we cover a cross section of owner interests as our panel of 3 owners include residents, investors and commercial business owners across all three towers. At the presentation, we explained to the other owners at the meeting why we had decided to sign Listing Agreements with Klein Group. The feedback at and after the BBQ event was that our owners panel was helpful in explaining our decision to other owners, clarifying questions and encouraging dialogue. We were asked by several owners to continue to provide help and leadership going forward with the assembly process. Therefore, we have organized ourselves into the official Anchor Point Assembly Committee (APAC) . We are dedicated to moving the assembly transaction forward in a positive way without aggression. We invite all owners who have signed Listing Agreements with Klein ...

Video on Why Multiple Brokerages Is Not Possible

Here is a video that Klein Group created on why multiple brokerages is not possible. As always, we urge all owners to do their own research and make their own informed decision, ideally with independent legal counsel. https://youtu.be/Jxgvwk2TxhQ

IMPORTANT: MYG Agreement Will Require Changes

We now have confirmation that all of the existing MYG agreements will have to be amended . The amendments will, at least, remove all references to Klein Group and brokerage cooperation. This was a decision made by the Managing Broker of ReMax. What other changes he will require to the agreements are as yet unknown, but the agreement put together at the instruction of the APSC with MYG, and input from Ed Wilson, will be changed. It turns out that the MYG agreement was never rev iewed by ReMax lawyers . MYG never took the trouble to have it reviewed. Clearly, the new managing broker identified several major flaws and is requiring that the agreement be amended. It turns out the Klein Group was also correct on the insurability of the “cooperating brokerages” scenario promoted by MYG and Ed Wilson – it is not insurable . Further, contrary to Ed Wilson's representations , the standard insurance realtors carry is not nearly sufficient for a transaction of this nature....

Anchor Point Assembly Committee

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