Capital 1 Commercial Group, INC
Greg Edgecomb, James Rizqalla Unethical Business Practices

Capital 1 Commercial Group is a business brokerage companylocated in Farmington Hills, Michigan. Ifyou plan, to sell, your business Beware of their Listing Agreement. Capital 1 CommercialGroup will SUE you if you dont comply. Item4 in their listing agreement is the most important. I have Item 4 of their contract is below. A summaryof what it says in lemans terms They charge 10% of the total purchase price or12,500 whichever is greater. (A) If someone offers full price and terms you owea commission. (B) If you sell, trade or close your doors you owe a commission. (C) If you terminate the listing agreement you owe a commission. (D) If you dosomething to mess up the sale you owe a commission. (E) For 2 years after thelisting agreement expires you cannot sell to pretty much anyone without owing acommission. (F) If you violate any government codes (health, fire, OSHA, ect) you owe a commission. (G) If you lie about sales, gross income, cash flow, ect. Youowe a commission.
The Owner agrees to compensate Broker an amountequal to Ten Percent (10%) of thetotal purchase price of the business and/or real estate and any rental incomeduring the term of any lease term and any options to purchase that aresubsequently exercised, herein set forth or agreed to by Owner and Purchaser, or a minimum of $12,500.00whichever is greater, in full at closing, or immediately upon the occurrence ofany event in paragraph 4 A, B, C, D, E, F or G of this Business and/or RealEstate Listing Agreement

Company: Capital 1 Commercial Group, INC
Country: USA
State: Michigan
City: Farmington Hills
Address: 34119 W. 12 Mile Road, Suite 203
Phone: 2488556767
Site: capital-1.biz

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