Short Wave Sportfishing wrote:
On Tue, 12 Feb 2008 19:26:21 -0800 (PST), Chuck Gould
wrote:

On Feb 12, 7:00?pm, "Eisboch" wrote:
"Wayne.B" wrote in message

...

On Tue, 12 Feb 2008 09:55:07 -0500, "Eisboch" wrote:
Kinda ****ed me off, but there's really nothing
that can be done about it. ?In a boat sale, the buyer holds all the cards
... ?the seller just has to adjust.
That's not completely true. ?If the purchase agreement is properly
worded, and the terms breached, you can walk with the deposit.
A subtle suggestion or two of that possibility could do wonders to
expedite the closing.
But, isn't it interesting that the typical 10 percent deposit just happens
to cover the broker's commission?
Most agreements split the forfeited deposit between the broker and the
seller, up to the amount that would have been due the broker had the
sale gone through.

What? You're kidding.

Why the heck should the broker get any money for a failed sale?

Because he provided the contract that everyone signed. I wonder what
the broker would say if you could drafted your own contract that would
leave the broker out of the loop if the sale fell apart.