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?


Chuckie's Law?

I avoided broker's fees when I sold Yo Ho last summer. I made an
arrangement with the dealer to handle all the paperwork for a fixed fee,
which we negotiated. We agreed the fee would double if the dealer found
the buyer. Even at that, it would have been half the price a broker
would have charged. As it turned out, I found the buyer, who came up to
the dealership, examined the boat and the service records, and made the
purchase. The dealer did his job properly, and the next morning, the new
buyer was towing Yo Ho to her new home.