Join Date: Oct 2009
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if the owner of the boat uses a broker are they barred by a contract to make a deal with the buyer on their own? Which would save me and the broker a lot of money?
it depends... a central listing typically contractually obligates you to paying the broker. If it is open it is different.... 10% is idustry standard and comes out of the sell side. it works a lot like realestate... if a seperate buying broker meets a seller they split it. it is important to remember that there are (ie yachtworld-probably biggest in the game) will not let you list there as a FSBO.
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