SailNet Community - View Single Post - Buyers broker / consultant.
View Single Post
post #9 of Old 11-20-2006
Gene T
Senior Member
Gene T's Avatar
Join Date: May 2006
Location: Left Coast USA
Posts: 666
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 11
Originally Posted by catamount
Well, if the broker is being paid by the seller, then that broker is not really representing the interests of the buyer, is he (or she)?

A true buyer's broker would be one that the buyer pays.
Perhaps a good ethics discussion. While the buyer broker is paid by the seller he has signed no listing agreement with them. Essentially the buyer broker decides to sell the boat or not, based on the competing boats. This does give him leverage in negotiating for the buyer and against the seller. The seller could always choose to instruct the listing broker to not accept a co-broker. I don't see a problem with it and may use their services myself.
Gene T is offline  
Quote Share with Facebook
For the best viewing experience please update your browser to Google Chrome