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post #227 of Old 08-04-2013
TakeFive
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Re: What Is A Boat Really Worth?

Quote:
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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2001 Catalina 34MkII Breakin' Away (at Rock Hall Landing Marina)
PO of 1998 Catalina 250WK Take Five (new owners relocated to Baltimore's Inner Harbor)
1991 15' Trophy (Lake Wallenpaupack)
1985 14' Phantom (Lake Wallenpaupack)
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