ED Magedson – Founder
Vested Business Brokers50 Karl Avenue Smithtown, New York United States of America
Vested Business Brokers has an Arbitration agreement that NEVER expires!
Even though my contract had expired & I was not introduced to the business I purchased, they came after me!
Here is my story.
I signed a contract with this company on 6/8/2005 as a buyer to see ONLY one listing & never used their site ever again! (The contract expires in 2 years).
Now fast forward to January of 2008. I had found a business on my own I and was doing due diligence on it. While doing so, I wanted to see what other comparable business were out there and what they were going for?
I came across the www.vestedbb.com? again. I was told that I had to sign a contract again since I had no contract with them anymore. I refused to sign another contract with them!
later that day, I got a call from the company and the broker told me what is that you are looking for
Itoldabout the business Iwas about to purchase. He said I have other businesses in this area as well, just e-mail me saying you want the address for this listing # and I will send it to you.
Guess what people. The broker sent me the address of the business I was purchasing on my own! I e-mailed him back stating this is the business I discussed with him.
To make a long story short this company made my life a living h*ll for two years for no reason!
At the end I had no choice but to settle with them since it was cheaper for me to do so.
As buyer this company cost over $7000.00. (Buyers are not the one who should be paying the commission.)
This report was posted on Ripoff Report on 01/14/2011 03:13 PM and is a permanent record located here: http://www.ripoffreport.com/reports/vested-business-brokers/smithtown-new-york-/vested-business-brokers-has-an-arbitration-agreement-that-never-expires-internet-smithto-682715. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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