Agents Decoded: Escalation clauses are not a magic bullet
A practice that became common when the market heated up may have run its course, observes veteran broker Phil Faranda.
June 1, 2024
J. Philip Faranda
Guest Columnist
J. Philip Faranda is a manager and associate broker at Howard Hanna | Rand Realty serving Westchester and Putnam Counties, just north of New York City. He was previously a broker-owner at J. Philip Real Estate, the top independent brokerage in the two counties by transaction sides, which he founded in 2005. He also writes a real estate blog which has been cited by major media outlets.
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