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Question about brokers and private seller boats
I'm currently in the market for a new-to-me-boat, and I've been working with a local broker who came highly recommended, and has thus far been great. He's spent a lot of time working with me, showing me boats, communicating via email and on the phone, generally knowing that I'll be picky and wait for the "right" boat. No pressure whatsoever, and willing to go the extra mile. Assuming we find a boat that's listed by any brokerage, we'll be working with him on the purchase, and at least he'll get his cut (as he should).
My question is this--what happens on the off-chance that we stumble on a great boat that's for sale by owner, and we find it on our own? This hasn't happened (this is just hypothetical), but if it did, does it automatically mean I have to go about the purchase without my broker? Is there some sort of standard operating procedure in this instance?
My broker has put in a lot of time and effort. And even if I did find a boat from a private seller, it would likely be a make/model that I'd learned a lot about from him.
Is the choice either to buy a listed boat (and my broker gets his cut), or to buy from a private seller and my broker gets nothing? Or is there some way to work that part out? I'm not here to screw over people, particularly those who are genuinely helpful in a profession where many are not. Also not giving away free money, but I would feel a sense of obligation for this guy's time, effort and expertise thus far.
Again, this hasn't actually happened yet, but I'd like to know how this part works before even looking at a private seller boat (so far we've only looked at listed boats). Note that we don't have a legal agreement with our broker, but that's not my point, really.
Last edited by josrulz; 08-19-2008 at 12:30 AM.