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Assume a seller lists his boat
with a broker and the broker presents an asking price offer from a buyer. If the seller changes his mind to sell, is the broker due his commission as if the boat sold? You could make a case that if a broker brings a full price offer, without any contingencies for financing, survey, etc, and the seller then said, "Sorry, but I've decided to keep the boat after all," the broker would be due a commission. The weasel out for the seller is that almost no offers are full price and without contingencies. If the buyer offers 99% of asking price, there is nothing that compells the seller to discount the boat 1% if he has changed his mind about selling. Same with sea trial, survey, etc. Nothing says the seller *must* allow you to sea trial or survey the boat. The seller can say no to the discount, no to allowing a survey, no to accepting an offer subject to finanacing, no to a sea trial, etc. |
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