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Old 06-26-2007
sailingfool sailingfool is offline
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never seen a buyer's broker

Originally Posted by sailingdog
It depends.... some brokers are highly ethical, and if retained by the buyer, ... Others, who are less ethical, will try and close the sale regardless of what is in the buyer's interest. ....As for surveyors, I would look to get a truly independent survey, rather than one done by the brokerage, even if said brokerage is nominally working for you. It would be one more check and balance to the boat buying process for you.
I have never seen a buyers broker in the yacht business, doesn't mean there are none, I've just never seen one...I did a Google search, and come up with links like this Yacht brokerage, discount yacht charters yacht ownership | while it lists valid reasons for buying through a broker who services you, calling this person a buyer's broker is a play on words, the underlaying relationship is the same it has been for years.
A buyer DOES NOT RETAIN a broker, the seller has retained the "listing" broker, and any broker you happen to deal with becomes the "selling" broker, also representing the seller.

So don't be confused that both brokers aren't working for the other guy.. Nonetheless, I do believe that a good broker is extremely valuable to a boat search and should be relied on to help find you what you want, you just need to remember he/she has mixed motivations. But a good broker will hustle for a buyer and provide their expertise to his benefit, because if he does not, the buyer can and should move on to work with someone else. "Your" broker can be a great asset and friend, just remember he's getting paid by the seller... and you need to take his advice with care.

Last edited by sailingfool; 06-26-2007 at 11:22 AM.
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