Buyer Agency Agreement: "Failed Transaction" Escape ClauseA bit conflicted on whether this would be a good idea or not. Essentially, an option for the buyer to terminate the agreement after a failed negotiation to buy.Cons- Concern about the clause may cause REAs to cherry-pick listings, showing ony those with a high probability of closing and avoiding properties on the margins (which may, or may not, end up being a great deal for the buyer).- Buyers can get too emotionally involved in a property. A role of the REA is to remain emotionally un-invested and provide rational input. This could be perceived by an emotional buyer as lack of support.- The "problem" in the transaction may be an unreasonable buyer.Pros- Concern about the clause may cause REAs to cherry-pick listings, showing ony those with a high probability of closing and avoiding properties on the margins (which may, or may not, end up being a great deal for the buyer).- "Skin in the game" may increase the sense of urgency in the REA's representation of the buyer's interests. I have heard from others, and personally experienced, the "well, let's just move on" approach from REAs well before the consumer is ready to throw in the towel.- I believe, and have heard from some REAs, that maintaining working relationships with other REAs can preclude a no-holding-back approach to negotiations. Unlike the REA, a consumer has no need to consider the longer-term consequences of positions taken during negotiations.- It provides the REA with at least one opportunity to present/close a transaction, while giving the consumer an explicit out if they are unhappy with the REAs performance.July 04 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.