Join Date: May 2006
Location: Ottawa, Canada
Thanked 21 Times in 19 Posts
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Just as one works with a realestate agent when one is a purchaser of a house, one can enlist the services of a broker when one is the purchaser of a boat and he is "your broker". This is a very common practice. While the selling broker has to share the fee he gets the other half when he acts as the buying broker. In realestate this is generally covered by statute. Boat brokering is less regulated. People usually get a realestate agent to help with the purchase of a home. It only makes sense when making a major purchase of boat that you employ someone who's on your side.
In this particular case I agree with SailingFool it may be a bit awkward, however he may not have the legal right to tell your broker to get lost. But others should take advantage of this "free" service. When you buy a boat employ a broker, your broker and as I said before it's a very common practice.