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Old 04-01-2008, 07:01 AM   · #107
innovation
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Originally Posted by pixelpadre
Another thing I forgot to mention...in the fine print it states that either party is forbidden to disclose the terms of the contract. How is that helping the seller? Sounds like they may have something to hide more than it sounds like working as a broker on the sellers behalf.



Wouldn't they be in breach of their own contract when they decided to disclose the minimum seller's prices in the silent auctions? Seems to me there is a serious conflict of interests in this contract. As a seller and the one who pays the commission, I expect full representation on my behalf. In real estate, dual agency relationships must be properly disclosed to both parties and the agent's fiduciary duties to each party should be clearly stated. In my experience, working with Moniker has left me, the seller, feeling confused as to who they represent, me or the aftermarket. Yeah, sure they have sold a couple of my names. The question is, did Moniker's efforts sell my names or did my names sell themselves due to low pricing, which of course Moniker insisted upon?


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