Gary's mention of real estate agents and Michael's of misinterpretation lead me to post. Not that I'm usually reluctant, lol.
Gary, I don't know about the rest of the world, but the industry here in the US tells us that the number one complaint people have about their real estate transactions is lack of communication from their agent. In many, if not most cases, the agent is squarely to blame...I won't defend them.
In some cases, the agent's hands are tied because of third parties who must respond. I've had other agents call me every two hours for a response from one of my sellers, even though we have 24 or 48 hours to get them an answer. I've repeatedly told them that I'll call as soon as my seller has an answer for me. I'm sure they complained to whomever would listen as soon as they were off the phone, especially if I become testy...as I do when someone wastes my time.
Now, if my seller answers me and I delay calling whoever is waiting for the answer, they have cause for complaint.
Michael's story interested me because the type of misunderstanding he related can easily happen in a real estate transaction. It has led to the creation and necessity to use literally hundreds of documents and clauses, not to mention professional Errors and Omissions insurance, to be as certain as possible that everyone understands what they are agreeing to.
The number two complaint about real estate transactions is their cost. Now you know why.
Cheri
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