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Old 03-13-2002
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Buying from a private party, not a broker

It is true that the seller pays the commission so that if a boat sells for $100,000 the brokers split somewhere between $7000 and $10,000 depending on the deal that the seller made with the Broker. But if you are buying a boat, the amount that the seller pays the broker really does not affect the value of the boat. The boat is worth what is worth and so when you compare prices there is no increase in price because a broker is in the deal.

Most people assume it works like cars where buying a used car through a dealer is generally more expensive but in the case of a uded car, the dealer is providing a warrantee that is why they get to charge more.

You are right that there are differences between brokers. Some really earn thier commissions and provide a lot of valuable assistance. Others are merely used car sales man in blue blazers. (I didn''t mean to insult used car salesmen.) I was extremely pleased with the broker who helped me put together the boat buying deal I just completed. I assure you he more than earned his commission and certainly made my life easier.

Regards
Jeff
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