Yacht Brokerage Law and Ethics - Page 2 - SailNet Community
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post #11 of 61 Old 03-23-2012
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Re: Yacht Brokerage Law and Ethics

This dog won't hunt. The owner is not obligated to sell to anyone they don't want to. The agent did present your offer, it was rejected. The broker seems like they will still be paid, so no damages for them to sue for. A judge would laugh.

Move on. There are lots of boats for sale.


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post #12 of 61 Old 03-23-2012
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Re: Yacht Brokerage Law and Ethics

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This dog won't hunt. The owner is not obligated to sell to anyone they don't want to. The agent did present your offer, it was rejected. The broker seems like they will still be paid, so no damages for them to sue for. A judge would laugh.

Move on. There are lots of boats for sale.
Absolutely correct except for one thing...this would never make it to a judge.

Sorry you lost the boat. Must have been a good one, priced right, to make a full price offer.

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post #13 of 61 Old 03-25-2012 Thread Starter
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Re: Yacht Brokerage Law and Ethics

Its a buyers market. Lots of boats for sale 99% not a good value. It takes a lot of work to find the good 1%.
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post #14 of 61 Old 03-25-2012
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Re: Yacht Brokerage Law and Ethics

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Its a buyers market. Lots of boats for sale 99% not a good value. It takes a lot of work to find the good 1%.
I get your point, but you can't really say something isn't a good value until you negotiate a price. 99% of boats don't sell for asking price. Good luck finding another. You will.


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post #15 of 61 Old 03-25-2012
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Smile Re: Yacht Brokerage Law and Ethics

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The boat is a Gulf Pilothouse 32 in California.
Post your question in the Ask a Lawyer tab on Avvo.com - Expert Advice When You Need It Most : Ask a Lawyer - Avvo.com

Lawyers are licensed in particular states. Laws differ from state to state. Case law reveals that even judges and lawyers cannot agree on the application of the law to a particular set of facts, even if they agree on the applicable law. Real lawyers who do not practice in California would not even attempt to answer your question.

This is an agency law issue, not a sailing issue. You should consult with a lawyer, not laypersons who sail. There are some very smart, successful people on sailnet, who, unfortunately, have no lack of self-confidence in the correctness of their opinions on all sorts of matters.
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post #16 of 61 Old 03-25-2012
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Re: Yacht Brokerage Law and Ethics

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There are some very smart, successful people on sailnet, who, unfortunately, have no lack of self-confidence in the correctness of their opinions on all sorts of matters.
And some of them are lawyers.
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It's 5 o'clock somewhere:


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post #17 of 61 Old 03-25-2012
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Re: Yacht Brokerage Law and Ethics

Takes one to know one...
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post #18 of 61 Old 03-25-2012
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Re: Yacht Brokerage Law and Ethics

Could you be specific about what you think the actual misdeed was? And who committed it? If I understand your post, it sounds like the broker submitted your offer and the owner rejected it.
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post #19 of 61 Old 03-25-2012
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Re: Yacht Brokerage Law and Ethics

The only mistake the broker made was telling why the offer was rejected.
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post #20 of 61 Old 03-25-2012
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Re: Yacht Brokerage Law and Ethics

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Originally Posted by mariopoli View Post
Its a buyers market.
Exactly- so why offer full asking? Further, why worry about litigating when there are so many more other boats out there?

It's 5 o'clock somewhere:


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