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Old 11-23-2006
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A boat broker works the same as a realestate broker and gets paid the same way. The system works because brokers in both cases work both sides of the street. In realestate there are laws regulating that a broker cannot represent both buyer and seller, but this is not the case in the marine industry. A buyer is not going to be fairly represented by the sellers broker as he is working for the seller and that's where his loyalty is and should be. A buyer's broker while not being paid by the buyer is supposed to represent the buyer. It doesn't matter a tinkers damn which boat the buyer buys so he hardly represents the seller.
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