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post #15 of Old 02-01-2012
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Brokers ALWAYS work for the channel from where the commission is coming from!! The 'standard contract' will include clauses to make both parties feel it is all fair and square, but there is no way the broker is looking after your interests if you are not paying him. That is why they get a Sales Commission or a brokerage fees; though they may like to present it to you as 'fees'. It is not fees, it is a commission they get, from the Seller, and the 'first 10%' may be paid to the Broker and the rest is sent to the Seller, if the arrangement says so. But please don't fool yourself into believing that the Broker is working for you. If there is anything that is outright wrong, the Broker will point out that piece to you, but the broker is not going to do more. He needs the sale to complete!! Therefore, it is natural, that, if you want to protect your interests, find your own broker and hire him at whatever fees/rate you are willing to pay (over and above the sale price, whether it is a direct sale, or sale through a seller's broker). For the right boat and right price, you'll be happy to have had a broker on your side! It is like getting the Boat Surveyor more interested in the transaction and actually working for you.
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