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Showing posts from December, 2017

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. Rema