While escalation clauses are commonly seen in competitive markets like San Francisco and Seattle, they are less common at the top end of the market. “They’re not really happening at the ultra-high end because the X amount—the increment—has got to be pretty significant,” says Billy Rose, president and co-founder of the Agency, a brokerage in Beverly Hills.
“I often refer to it as the jewelry on a model — it elevates the look of an offering,” said Billy Rose, co-founder of brokerage The Agency.
