SailNet Community - View Single Post - Buyers broker / consultant.
View Single Post
  #12  
Old 11-23-2006
ebs001's Avatar
ebs001 ebs001 is offline
Senior Member
 
Join Date: May 2006
Location: Ottawa, Canada
Posts: 2,121
Thanks: 5
Thanked 21 Times in 19 Posts
Rep Power: 9
ebs001 is on a distinguished road
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.
Reply With Quote Share with Facebook