Questions from the USCG OUPV or 100-ton exam
Eisboch wrote:
"Chuck Gould" wrote in message
...
On Tue, 12 Feb 2008 19:26:21 -0800 (PST), Chuck Gould
wrote:
Splitting the buyer's forfeited deposit (up to the amount of the
commission) offers some assurance that the seller won't talk the buyer
into forfeiting the deposit and then buying the boat at a cheaper
price
once the supposedly "angry" seller pulls the listing following a
failed sale.
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It's also expressly forbidden to do so in the standard yacht sale contract
used by most brokers. In fact, it prohibits the seller from making a deal
with a buyer introduced by the broker for a year following the termination
of the broker agreement.
Eisboch
And on Large and Expensive Boats, you know the brokers keep up with the
current status.
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