Join Date: Feb 2013
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Re: Looking for some perspective
Tonight, I've been informed that the selling broker presented another offer to the owner of the boat at a higher price.
...What are my options if any? I'm not going to get into bidding war. At the very least, I feel this is highly unethical behavior on the part of the selling broker. Thoughts?
The broker may well in fact be legally required to submit all offers to the seller, depending on their contract. If the boat was on Yachtworld and someone saw it and called the broker, they would be obligated to preset any offer that materialized. It's easy to villify the broker and assume they are motivated by a higher commission, but few brokers are going to undermine their reputation in what is a small industry by being flagrantly unethical.
As mentioned you can stomp your feet and threaten to sue to give the seller pause, but I don't think that is how you want to start off. You want to have a good relationship with the previous owner of any given boat...it's just plain prudent.