Originally Posted by dave6330
OK - let me take another tack. Has anyone ever engaged the services of a "buyer's broker" in searching for and negotiating the purchase of a sailboat? Would you mind sharing your experience along that line with me?
I'm far from an expert on this but the best I can figure is that their is a limited pool of money to work with. The commission paid by the seller. In boats in CT that is typically 10% and 6% for houses. The salesperson doesn't get the whole amount they typically have to share a significant amount maybe 50% or more with the broker. Then they often have to pay a lot of their own expenses back to the broker or dealer including office space, phone, gas for transportation. Advertising is expensive and they need a soldboat.com account.
All in all the sales person is probably not getting rich very fast.
Now add a buyers broker and they get half of that.
I'm guessing that the concept of buyers broker while sounding great for the buyer is so unprofitable for the broker that unless the deal can be made with almost no work it will get almost no attention.
Exceptions might be someone who is just starting and has no inventory and nothing to do so they might as well keep busy.
It would make sense that a salesperson who has no listings might search yachtworld for you and email a few listings and ask you to use his name.
Might pick up a few hundred in commission, but to actually travel to see these boats with you and be your boat shopping buddy probably not.
The bigger problem is that if the sellers sales person gets wind that you are using another agent you will likely be the last person to see the boat the very last to have your offer presented.