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Buyer's Broker Question

3K views 5 replies 6 participants last post by  sailingfool 
#1 ·
If I am using a buyer's broker and I want to purchase a sailboat from a private seller, how would my broker get paid?
 
#2 · (Edited)
It's not complicated



He/She is working for you... your mutually-agreed upon contract would spell out the payment amount and the how/when/where of earning it.

Sidebar: Not in a "brokerage" capacity, per se, but NA Bob Perry has been offering a fixed consulting fee for buyers seeking advice one of his many designs, for the last 25 years or so. He used to charge about $300. It may have risen with inflation. I'm not sure of the time limits on redialing his # for continued consultation.

Sidebar #2: Like any large purchase, yacht, house, airplane... often a buyer hires the services of a specialist attorney to do the diligence and proper paperwork, on a flat fee or hourly basis.

Happy shopping,

L
 
#4 ·
If you contact a broker, they are unlikely to bother showing you a private listing, unless you agree to pay the commission. If you've already found a private listing that you like, you don't need a broker, you need a surveyor. There is a lot of information on this site to help you determine whether the prospect boat is worth surveying.

Good luck.
 
#6 ·
I continue to personally believe that buyer's brokers are rare or non-existent in the yacht world, and usually reflect someone's confusion about the role of "their" broker.

But always ready to learn something new.

Why do you think you have a buyer's broker? If you are using a buyer's broker...well then scan and post a copy of your brokers agreement and we can look up the answer to your question.
 
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