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Old 08-04-2013
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Re: What Is A Boat Really Worth?

Originally Posted by sailpower View Post
...Can an agent of the seller act in any way against the sellers interest? I am wondering what the law is.
I'm not a lawyer, but I am an ethical person.

If there are known material facts that detract from the value of the boat, a "fair and honest description of the vessel" must include them. If "the law" prevents the broker from disclosing these facts because it is "against the seller's interest," then "the law" prevents the broker from complying with section 1.4 of the YBAA Code of Ethics.

If any lawyers care to take this on, please cite the specific statute that prevents the broker from making such disclosures.

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Formerly posted as "RhythmDoctor"
1998 Catalina 250WK Take Five (at Anchorage Marina, Essington, on the Delaware River)
1991 15' Trophy (Lake Wallenpaupack)
1985 14' Phantom (Lake Wallenpaupack)
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