brokers

yes

What happens to a broker that does not perform his duty to the seller or buyer in a coop sale. Does this really happen or is this just someone upset over the process?

Why would a broker do this? Why would an Owner let this happen?

A woman in my local nail place reported a broker to the Board of a coop and the AG's office. This buyer stated they placed an offer $25,000 over the ask price all cash and
had the the price of the apartment liquid after the purchase with ten years work
experience in Hospital Admin and the broker turned down the offer based on a better
offer. This buyers new co-worker just happens to live next door to this apartment and the other buyer purchased for less. The other buyer placed the offer at the ask price and the buyer did not have as much cash, income or work experience. The buyer came direct to the Open House without a broker. The lady from the nail place used a broker that her supervisor suggested. Can this really happen?

without brokers, buyers would be lost

the broker i'm working with is also recommending the contractor and lawyer. I don't know either so i thought it would be helpful. Your thoughts please.

#5, I would say to find your own lawyer. You may be paying the broker's lawyer the once but if the broker continually finds the lawyer work, is the lawyer more responsible to you or to the broker? As far as brokers in general, #3, there was such an explosion in real estate that new brokers were being trained & sent out at a dizzying rate. Check the broker's background & see how long they've been in the field.

#5--this really depends on how you feel about your broker, and if you feel your broker is good and honest and experienced then frequently they are the best person to make this recomendation.I know people on this board always act like it is such a bad idea, but I am a broker and therefore have worked with many lawyers.There is 1 lawyer in particular that I have recomended to the (very few) people who do not have lawyers. This is because I have found him to be exceptionally careful, communicative and easy to work with.Extremely protective of his clients but never posturing or crossing out things just for the sake of appearing tough. I also do more complicated deals where it is really helpful to have a lawyer who is communicative with me during the deal, as sometimes a lawyer can (with no ill intentions)really jeapordize the deal for their clients. I guess it can be hard to make the judgement call, and I understand the logic that speaks to keeping everything seperate and allegiances clear, but it is not always a bad move.

and #6--as to your question the lawyer's responsibility is always to the client, no matter how many referrals a broker gives him/her.It is completely unethical for the attorney to in any small way compromise his loyalty to his client. Not to say every lawyer is 100% ethical just that it is not such an easy logical leap to think that the attorney would behave in such a fashion.