Friday, January 27, 2006

A little greedy are we?

Seems the story around Rich Gere's $6.9million waterfront purchase on Actors Colony Road is pretty sad, if true. Reportedly the family selling the unique property accepted an offer brought to them by the broker and then 'shopped the deal' to Gere, who was an exclusion to the exclusive agreement, thereby cutting out the commission. Sound complicated? Basically the seller may have been trying to avoid paying commission. Who knows. The laywers will sort it out.

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