View Single Post
  #35   Report Post  
posted to rec.boats.cruising
Evan Gatehouse
 
Posts: n/a
Default Boat Broker Question ...

Dave wrote:
On 23 Feb 2006 03:52:55 -0800, "tom" said:


He is just doing his job, try to get
the max. $ for his client, don't take it personal,



Good advice, except for the bit about max $. The broker's primary interest
is in getting the deal done, regardless of whether his client gets a high or
low price. If he sells the boat, he gets a percentage. If he doesn't sell
the boat he gets nothing. He'd always prefer getting paid based on a
percentage of 60% of asking to not getting paid at all. So while he's got no
interest in telling you something that will break the deal, he also has no
interest in telling his client to walk unless he really believes the offer
is less that what he can sell the boat for.



No kidding. On a 100K deal, he is getting 10%, and may have to split
1/2 with a buyer's broker. That leaves him 5K. And he may have to
give up some of that with the brokerage company he works for. Say he
nets 4K on a $100K deal.

Now say you're trying to buy the boat for $90K. That's only $400
difference to mr. broker vs the $100K sale. Think he's trying to get
the max $ for his client or just close the deal?

Evan Gatehouse