Join Date: Feb 2010
Location: Narragansett Bay
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No, the seller ordinarily pays the commission. There can be a rare exception.
This is what I was trying to convey. When the buyer asks a broker to sell their boat, the broker will charge 10% of the final sale price. If, however, another broker actually sells the boat, because it will be advertised, the broker you originally listed with will evenly split their commission with the selling broker. This is commonly the outcome, therefore, listing brokers are accustom to only being paid 5% for a sale.
Therefore, as a buyer, keep this in mind when you are buying directly from the listing broker. They will now get the full 10%, instead of the split 5%. The broker knows this is a big pay day and will often help in negotiation, by adjusting their fee over the last few dollars.
Don't expect the broker to jump to this idea quickly. I once had a listing broker offer to buy me a used dinghy in the deal. The listing included a specific dinghy. When we got to the boat (out of the country) it had a much larger one and the seller tried to say they asked the broker to remove it from the listing. Broker offered to make good on this, even though he showed me the written listing from the seller which made no mention, and had plenty of room on their fee to do so.
I didn't buy that boat anyway, as it turned out.
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In the harsh marine environment, something is always in need of repair. Margaritas fix everything.
Last edited by Minnewaska; 10-16-2011 at 07:16 AM.