TRILLION DOLLAR RESCUE PLAN FOR GREECE & ET.AL

In case you did not know a trillion is 12 zeroes after a single integer, this is what it looks like, $1,000,000,000,000. What could-off gone wrong with the European nations to have incurred this tremendous debt? How does this affect the Real Estate industry, plus other economic indicators which are factorial in the analysis. The fundamental principles of any economy are based on natural resources, capital, production and employment. Pretty much Economics 101. But the essence of macroeconomics, in this "global economy", has made it a direct inverse correlation proportional to other key indicators. What is happening? What will happen? A rudimentary example such as, if the guys with the money are tumbling down, the little guys will fall along with them. When you have a Central Bank controlled by the money makers, if I may say so, the billionaires of today, any rescue plan may be feasible and also for whatever amount. Of course inflation will be a factor, currency devaluation may be another, mergers are in perspective, real estate foreclosures are evident, financial investments are in jeopardy, the stock market does it usual up and down, employment decreases, production fluctuates and on and on and on. The "domino effect of economics".

Kid yourself not, one menacing aspect of one economy will affect the whole of the economic spectrum around the globe. The billionaires are probably wondering how do we remedy this problem? One effective temporary real solution was to print more money and injected into the economy. When I say "print", is it materially manufactured or is it just manually inputed in the computer and add the zeroes? What section of the globe will be affected next?



The problem we are facing today are all money related trauma, which in return will cause psychological pernicious economics. Real Estate around the globe is not exempt. This disease is resistant, obstinate and resilient and also contiguous in emulating or attaching itself to prospective solutions and dissolutions. It is predatorial. It will join you when you need it and turn against you when it has reached its goals. And it will use the best of you. The smaller microeconomics will be sucked-in and the macroeconomics will sustain itself with major innovations and transitional monetary solutions, compounded by the procurement of business industrial acquisitions that will be sustainable for the time being, for the acquiescence of accumulating more capital. A notable example at this juncture is the market of "commodities", especially gold(Au). The price per COMEX has shown substantial increase. Many have bought into gold stocks, gold bonds, gold-backed-securities and many others. Paper made. But, the question is, who has really bought the "gold bullion" and how many troy onces? And, when you did, did they send you the bars or gold coins to your safe at your bank? Do not be surprise, if this is the next chaos or investment scam.



Conclusively, if you want to play "monopoly economics", know the rules and regulations to perfection. Be impeccable in your transactions, get the most for the buck. Real Estate in Hawaii is in the phase of the "buyers market", plenty of inventory, foreclosures and good low deals. Buy low and sell high, has always been the motto, in many industries. It does not exclude Real Estate, whether is here or any other part of the globe. Last month April 2010, 265 units of all types were sold for a total dollar value of approximately $197,000,000. Could these many buyers be wrong about the real estate industry in Maui Hawaii? Thank you.

Respectfully Submitted,

Andre Adoloffo, Realtor(S), BA
andreadoloffo1947@hawaii.rr.com

REFERRAL FEE AGREEMENTS

This explanation was an actual occurrence. Broker asked a Realtor(S), on his staff to represent one of his buyers or clients since the Developers stipulation was to have a minimum of three per Realtor, on a new development to be constructed. The Realtor represented the Buyer as the Priority Purchaser's Broker, license in Hawaii, so therefore he represented the Buyer through the process of the Limited Priority Reservation Agreement. Realtor registered the Buyer to buy a unit and upon the Deposit of $20,000 in a non-interest bearing account, the reservation was agreed upon. Total purchase price was $1,675,000.00, with two payments scheduled in the amount of the Initial deposit of $167,000 and a second deposit of $167,500. Buyer paid both deposits. The balance to be deposited with Escrow, no later than four (4), days prior to Closing of Escrow. Broker, then decides to close his Realty Office, but maintaining an active Realty at a different address. The agreement between the Broker and Realtor is verbal at a compensation of $2,000, then corroborated by email for validation. No Referral Fee Agreement form RR404, was executed.

Later on, the Broker gets paid by the Developer or Seller on the 50% commission earned on the construction of the condominium. Realtor finds-out on his own accord and diligence that Broker got paid and he did not. Broker decides not to pay the Realtor until the Close of Escrow. Asks Realtor if he gets paid the $2,000 will he be able to return the money if there is a default by the Buyer. Realtor, has no problem in returning the funds. Still Broker does not pay Realtor. Several years go by and the Realtor has not been paid by the Broker. Buyer has not executed the contracts final agreement and is in default, decides to join a lawsuit against the developer. Realtor contacts the Developer's new sales team and asks what is the status of the lawsuit. Per the Director of Sales representing the Seller, the Buyer was in Default, joining the lawsuit would be frivolous and unfruitious, the remainder of the Buyers money would go into liquidated damages. Finally, the developer would not go after the 50% commission paid to the Broker.
Although the Realtor appealed this case with RAM, through an Arbitration Panel, previously to this findings, nothing came-out-of-it. The moral of the story, do not trust that your broker is going to have integrity,moral values and proffesional decency. Always fill out form RR404 and pay close attention to the "Other Terms" section and make sure to cover all the "ifs" possibilities. Do not do a flat fee, a percentage is better. Thank you.