Join Date: Oct 2000
Location: Portland, OR
Thanked 12 Times in 12 Posts
Rep Power: 16
It's not complicated
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?
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.
Last edited by olson34; 03-12-2011 at 12:14 PM.