SailNet Community - View Single Post - What are broker's fees like
View Single Post
post #16 of Old 02-01-2012
Senior Member
QuickMick's Avatar
Join Date: Oct 2009
Location: California
Posts: 1,381
Thanks: 0
Thanked 3 Times in 3 Posts
Rep Power: 8
Originally Posted by saurav16 View Post
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.

How inappropriate to call this planet Earth when it is quite clearly Ocean ~ Arthur C. Clarke

Quinn McColly
Macgregor Venture
QuickMick is offline  
Quote Share with Facebook
For the best viewing experience please update your browser to Google Chrome