STARBUCKS SIGNATURE HEALTHY SELECTIONS. See the food choices we have at store. The official website of Logan City, providing general information, links to city departments, local services, calendar, and contact information. Exclusive Buyer Agency Contracts. Dont Sign Them Yet. Update 92. 01. 5 to this 2. Frankly. com, the unique home search site will now be exclusively for the benefit of our clients after a 1. Read below to better understand it, and watch this VIDEO on why. What is an Exclusive Buyer Agency Agreement This is a contract that a buyer is oftentimes asked to sign by a buyer agent Realtor. License Agreement With Starbucks' title='License Agreement With Starbucks' />In part it commits the buyer to use this one agent exclusively for several months. Why in the world would you sign this How could signing all your rights away ever help you, the buyer Where is the Whats in it for me in that proposition Dont you still want to be able to Use another Realtor if you dont like this one Buy a FSBO and have no commission be paidBypass the buyer agent and make the listing agent give me the commission Walk into a New Construction and sign papers, who needs a Realtor for that I got them down 5. Have 2 or 3 eager Realtors compete for your business. Each one working their tail off to find you that hidden gem. Doesnt cost you anything, so why not Double Agents show, where 2 Realtors compete see VideoIf you find the home, why should he get paid anythingWhy sign an exclusive agreement, when you can sign a non exclusive agreement And that sales pitch is so hoaky sometimes My broker requires it before showing you anything. This is standard. If you dont sign this, then I am legally working for the seller. If you sign this, it acknowledges that I am working for you, the buyer. What a ton of B. S. So let me know if I missed anything. All of the above is the typical viewpoint of the buyer right I know it well. I grew up with it. My mother was the most cynical person and would never sign one of these agreements. She didnt see the how can this help me. In part it is the Realtors fault for not explaining the process clearly. But, and here is the big butt, I have seen the other side It isnt always as shady as it initially appears and it can help the buyer. As a Realtor, many newbies feel bad getting their clients to sign these contracts. Sometimes they let it slide, until one day they understand why it protects the Realtor. Then Ill go into how it helps the client. Starbucks_Coffee_Mannheim_August_2012.JPG/800px-Starbucks_Coffee_Mannheim_August_2012.JPG' alt='License Agreement With Starbucks Coffee' title='License Agreement With Starbucks Coffee' />What This exclusive contract can help the buyer How in the world is this going to come around full circle Ah, the suspense. Starbucks-Thailand.jpg' alt='License Agreement With Starbucks' title='License Agreement With Starbucks' />Background story I was helping some clients buy a home in 2. Many buyers might think we are paper pushers, but some of us Realtors go above and beyond. Including once driving to Chantilly to take 1. Why Because of Sucky Listing Agents. The agent only had 1 photo, and the buyer was out of town, so I created a virtual experience for them. I do this for all of my buyers, I take about 5. EACH place we see together and I create on online private album for them to remember everything. Does your B. A. do thisAnyhow, we put an offer in on one place. We didnt get it. Im ok with that. I could have talked them into a higher price, and won, but I didnt do that. I worked for their best interest, not mine. Then they found a For Sale By Owner. It was literally 2. FSBOs are. They had me run the numbers and do a full analysis on the neighborhood etc. I even helped them talk through what they wanted to offer. I warned them no matter how upgraded it was, it was a really high price. It was like buying the best house in the worst neighborhood. They decided to offer anyhow. I then get an email the next day saying that my services were no longer neededYoure fired, they had bypassed me and bought the FSBO for 3. Payment to Frank was 0, hours wasted. Buyer overpaid 3. Having some consolation knowing they overpaid Priceless. Since then I require my clients to sign an Exclusive Buyer Agency Agreement early on. Not before the first showing, like some, but shortly thereafter. I give them enough time to feel me out, but I cant invest a ton of time with a customer that is still shopping around agents and might bolt at any moment. A catch 2. 2 of sorts. Reaktor 5 Factory Library. So, ok, you got screwed, that sucks, help me understand how this helps me, todays buyer The contract outlines what the agent gets paid. Mine says 3. And that means if a listing is offering 2 only a few homes do, my buyer pays the balance, and if there is a FSBO offering 0, my buyer pays the full 3. Wait a second, that sucks. Ive always been told that the seller pays. Again, a sales tactic brainwash Buyer agents are Free. Dont believe that. Guess who is writing the checkloan for a 4. Guess where the Realtor fees get drawn from at closingCorrect, that check. You are indirectly paying for all the fees. Wait it gets better. My exclusive agreement also states that if the buyer compensation exceeds 3, the rest is rebated to the buyer See Shady Realtor Bonuses Free Cruise Be Aware. Isnt it great no just normal that you have a contract that outlines what your Realtor is getting paid Overpaymentsbribes go back to the buyer, and there are no behind the scene shenanigans going on. Buyer benefit 1 The buyer agents commission is fixed and you arent pushed into a property that bribes the agentThe agent can remove the fear in the back of their head that their client will walk, and they can give unbiased advice. Come on, human nature is going to kick in. How can you ask a Realtor What would be a good deal for this, a question I dont directly answer, but that is a long story knowing that if the buyer doesnt buy this place, the buyer still has the right to snatch up another place and fire the agent. How can an agent be aggressive for you if their commission might drop from 1. It just cant happen. The agent in this situation is NOT WORKING WITH THEIR BUYER, BUT AGAINST THEIR BUYER. This does NOT help the buyer. Buyer benefit 2 Buyer agent is working FOR the client, not competing against them. Double their efforts. What Realtor in their right mind is going to go above and beyond and try to find you houses that are off the market or spend too much time on a buyer that doesnt see the process as a team effort I oftentimes send out letters to entire communities that my buyer likes. And that works. Usually for every 1. MLS places I show, Ill scrounge up 1 or 2 places that are yet to be listed, withdrawns, FSBOs, or another hidden gem. Without that commitment from the buyer, Id see it as a waste of time, or too risky. Buyer benefit 3 More time invested in finding you more places equates to a better price or more inventoryoptions. Help you or help another committed buyerA good buyer agent will be turning away clients, or referring to another good agent, when they get too busy. If you want a new Realtor that has nothing better to do than drive you around forever on the 5. Realtor that respects your time as well as their own time and puts his foot down and sets guidelines for the work that they perform What about non exclusive buyer agency agreement I heard some agents will use that. Doesnt that help me while protecting me All that does is a squelch the I work for the seller trick and b outlines how the Realtor gets paid. Both good things, but knowing that the buyer might go buy something after seeing something at an Open House or a new construction without them, the bias will still be there for you to buy quickly and for a higher price. What about New Constructions, isnt it better if Im RealtorlessStarbucks Reports Q4 and Full Year Fiscal 2. Results. SEATTLE BUSINESS WIRE Starbucks Corporation NASDAQ SBUX today reported financial results. October 1, 2. 01. Note that fiscal 2. Further. GAAP results in fiscal 2. These items. include restructuring and impairment charges, transaction and. GAAP. results. A reconciliation of non GAAP measures with their corresponding. GAAP measures is available at the end of this release. The company will hold a conference call, hosted by Kevin Johnson. Scott Maw, cfo, today at 2 0. Pacific Time. in order to provide further commentary around Starbucks non GAAP. The call will be webcast and can be accessed at http investor. Q4 Fiscal 2. 01. 7 Highlights. Global comparable store sales increased 2, driven by a 2. Hurricanes Harvey and Irma. Americas comp store sales increased 3, driven by a 2. U. S. comp store sales increased 2 excluding the impact from. Hurricanes Harvey and Irma, U. S. comp sales up 3, driven by a 1. CAP comp store sales increased 2 China comp store sales. Consolidated net revenues of 5. Excluding 4. 12. Q4. FY1. 6, consolidated net revenues grew 8. GAAP operating income of 1. Non GAAP operating income grew 2. GAAP operating margin of 1. Non GAAP operating margin of 2. GAAP Earnings Per Share of 0. Non GAAP EPS grew 1. The company opened 6. Membership in Starbucks Rewards grew 1. U. S., with member spend representing 3. U. S. company operated sales. Mobile Order and Pay reached 1. U. S. company operated stores. Fiscal Year 2. 01. Highlights. Global comparable store sales increased 3, comprised of a 3. Americas segment and a 3 increase in the CAP. U. S. comp store sales increased 3 China comp store sales. Consolidated net revenues of 2. Excluding 4. 12. Q4 FY1. GAAP operating income of 4. Non GAAP operating income grew 7. GAAP operating margin of 1. Non GAAP operating margin expanded 1. GAAP Earnings Per Share of 1. Non GAAP EPS grew 1. Today, Starbucks reported another quarter and year of strong. Kevin Johnson, ceo and president. Food, beverage and digital innovation are bringing customers into our. Starbucks Experience to our. Starbucks delivered solid top and bottom line growth and our. U. S. since mid 2. Scott Maw, cfo. Continued strong growth and performance from CAP. Starbucks now has two significant profit engines. North America business and the broader. CAP market. Long Term Financial Targets. The company provides the following updates to long term financial. Q4 FY1. 7 earnings. Pacific Time. Following the call. Investor Relations website. Annual global comparable store sales growth of 3 to 5. Annual consolidated net revenue growth in the high single digits. Annual earnings per share growth of 1. Annual ROIC of 2. Fiscal Year 2. 01. Financial Targets. The company will introduce fiscal year 2. Q4 FY1. 7 earnings conference call starting today at 2 0. Pacific. Time. These items can be accessed on the companys Investor Relations. Fourth Quarter Fiscal 2. Summary. Quarter Ended Oct 1, 2. Comparable Store Sales1. Sales Growth. Change in Transactions. Change in Ticket. Consolidated. Americas. EMEA2. 1 Includes only Starbucks company operated stores open. Comparable store sales exclude the effect of. For fiscal 2. 01. Company operated stores represent 1. EMEA. segment store portfolio as of October 1, 2. Operating Results. Quarter Ended. Change. Oct 1, 2. 01. 7. Oct 2, 2. Weeks Ended. 1. Weeks Ended. Net New Stores 1. Revenues. 5,6. 98. Operating Income. Operating Margin. Q4 2. 01. 7 net new stores include the closure of 5. Teavana branded stores. Consolidated net revenues of 5. Q4 FY1. 7 were flat to the. Excluding 4. 12. Q4 FY1. The impact from Hurricanes Irma and Harvey affected. U. S. comp growth by 1 as over 1,0. Consolidated operating income declined 1. Q4. FY1. 7, down from 1,2. Q4 FY1. 6. Consolidated operating. Americas segment, and the lapping of. Q4 FY1. 6. Additionally, operating margin was adversely. The Starbucks Foundation, and costs related to restructuring and. These were partially offset by sales leverage. Q4 Americas Segment Results. Quarter Ended. Change. Oct 1, 2. 01. 7Oct 2, 2. Weeks Ended. 1. Weeks Ended. Net New Stores. Revenues. Operating Income. Operating Margin. Net revenues for the Americas segment of 3. Q4 FY1. 7 were. flat to the prior year quarter, which included an extra week. Excluding. 2. 88. Q4 FY1. 6, net revenues grew 7. Operating income of 9. Q4 FY1. 7 declined 1. Q4 FY1. 6. Operating margin of 2. Q4 FY1. 6. Q4 ChinaAsia Pacific Segment Results. Quarter Ended. Change. Oct 1, 2. 01. 7Oct 2, 2. Weeks Ended. 1. Weeks Ended. Net New Stores. Revenues. Operating Income. Operating Margin. Net revenues for the ChinaAsia Pacific segment grew 2 over Q4 FY1. Q4 FY1. 7. Excluding 5. Q4 FY1. 6, net revenues grew 1. The increase was partially offset by. Q4 FY1. 7 operating income of 2. Q4 FY1. 6. operating income of 1. Operating margin expanded 6. Q4 FY1. 6. Q4 EMEA Segment Results. Quarter Ended. Change. Oct 1, 2. 01. 7Oct 2, 2. Weeks Ended. 1. Weeks Ended. Net New Stores. Revenues. Operating Income. Operating Margin. Net revenues for the EMEA segment of 2. Q4 FY1. 7 were flat. Excluding 1. 8. 3. Q4 FY1. 6, net revenues grew 7, driven by. Operating income of 3. Q4 FY1. 7 declined 2. Q4 FY1. 6. Operating margin declined. Q4 FY1. 6. Partially offsetting the decline. Q4 Channel Development Segment Results. Quarter Ended. Change. Oct 1, 2. 01. 7Oct 2, 2. Weeks Ended. 1. Weeks Ended. Revenues. Operating Income. Operating Margin. Net revenues for the Channel Development segment of 5. Q4. FY1. 7 declined 1 versus the prior year quarter, which included an extra. Excluding 3. 9. 9 million for the extra week in Q4 FY1. U. S. packaged coffee channels. Operating income of 2. Operation Flashpoint 2 Patch 1.01 there. Q4 FY1. 7 increased 1 compared to. Q4 FY1. 6. Operating margin expanded 8. Q4 FY1. 6. Q4 All Other Segments Results. Quarter Ended. Change. Oct 1, 2. 01. 7Oct 2, 2. Weeks Ended. 1. Weeks Ended. Net New Stores. Revenues. Operating Loss. 4. All Other Segments primarily includes Teavana branded stores, Seattles. Best Coffee, as well as Starbucks Reserve and Roastery. The increase in the operating loss in Q4 FY1. Q4. FY1. 6 was primarily due to restructuring and impairment costs related to. Teavana retail stores and focus on Teavana tea. Starbucks stores. Full Year Financial Results. Year Ended October 1, 2. Comparable Store Sales1. Sales Growth. Change in Transactions. Change in Ticket. Consolidated. Americas. EMEA2. 1 Includes only Starbucks company operated stores open. Comparable store sales exclude the effect of. EMEA. segment store portfolio as of October 1, 2. Operating Results. Year Ended. Change. Oct 1, 2. 01. 7. Oct 2, 2. Weeks Ended. 5. Weeks Ended. Net New Stores 1. Revenues. 2. 2,3. Operating Income. Operating Margin. Fiscal 2. 01. 7 net new stores include the net closure of. Teavana branded stores. Company Updates. Starbucks appointed Rosalind Brewer as group president, Americas and. October 2nd. Brewer reports to. Kevin Johnson and serves as a member of the Starbucks senior. She also continues to serve on the Starbucks board of. As group president, Americas and chief operating officer. Brewer leads the companys operating businesses across the Americas. U. S., Canada, and Latin America, as well as the global functions of. Unilever and Starbucks today announced entry into a definitive.