Buyer's Broker Question

[AleksandarB]

If I am using a buyer's broker and I want to purchase a sailboat from a private seller, how would my broker get paid?

[olson34]

Originally Posted by AleksandarB

If I am using a buyer's broker and I want to purchase a sailboat from a private seller, how would my broker get paid?

He/She is working for you... your mutually-agreed upon contract would spell out the payment amount and the how/when/where of earning it.

Sidebar: Not in a "brokerage" capacity, per se, but NA Bob Perry has been offering a fixed consulting fee for buyers seeking advice one of his many designs, for the last 25 years or so. He used to charge about $300. It may have risen with inflation. I'm not sure of the time limits on redialing his # for continued consultation.

Sidebar #2: Like any large purchase, yacht, house, airplane... often a buyer hires the services of a specialist attorney to do the diligence and proper paperwork, on a flat fee or hourly basis.

Happy shopping,

L

[mitiempo]

Bob Perry charges $500 now and that includes ongoing questions within reason. My neighbor has done this and has a Valiant 40.
Here's the link.
Robert H Perry Yachts Designers Inc. - CONSULTATION SERVICE

[Minnewaska]

If you contact a broker, they are unlikely to bother showing you a private listing, unless you agree to pay the commission. If you've already found a private listing that you like, you don't need a broker, you need a surveyor. There is a lot of information on this site to help you determine whether the prospect boat is worth surveying.

Good luck.

[AleksandarTOR]

Thank you olson34 and mitiempo for the info on Robert Perry. Thanks Minnewaska, your answer really explained it to me now.

[sailingfool]

Originally Posted by AleksandarB

If I am using a buyer's broker and I want to purchase a sailboat from a private seller, how would my broker get paid?

I continue to personally believe that buyer's brokers are rare or non-existent in the yacht world, and usually reflect someone's confusion about the role of "their" broker.

But always ready to learn something new.

Why do you think you have a buyer's broker? If you are using a buyer's broker...well then scan and post a copy of your brokers agreement and we can look up the answer to your question.