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Old 22-09-2011, 11:27   #1
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Buyer using Broker

I am close to making an offer on a boat after looking for awhile. I know this other broker who sold my boat very well. He is trying to talk me in to using him for negotiations and making the process easier. Are there any advantages or disadvantages for me the buyer using a broker for the sale? I know he will get half the commission. Will this piss the other broker off, or does it matter? It cost me no money either way. Thoughts apprecciated! Thanks, Russell
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Old 22-09-2011, 11:37   #2
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Re: Buyer using Broker

Have you already talked to the other broker etc? If so it would probably be inappropriate...
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Old 22-09-2011, 11:47   #3
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Re: Buyer using Broker

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I am close to making an offer on a boat after looking for awhile. I know this other broker who sold my boat very well. He is trying to talk me in to using him for negotiations and making the process easier. Are there any advantages or disadvantages for me the buyer using a broker for the sale? I know he will get half the commission. Will this piss the other broker off, or does it matter? It cost me no money either way. Thoughts apprecciated! Thanks, Russell
I'd say about 50% of the deals we do are co-broker arrangements. It is normal and will not anger the selling broker. It's good to have a guy on your side. Remember the selling agent has a longer term relationship with the owner than you and has loyalties to his client. If the deal falls through, he hopes to continue representing the vessel so will naturally want to maintain a good relationship with his seller.
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Old 22-09-2011, 11:48   #4
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Re: Buyer using Broker

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Have you already talked to the other broker etc? If so it would probably be inappropriate...
Good point. Depending on how deep you are in with the other broker, that could anger him / her.
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Old 22-09-2011, 11:53   #5
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Re: Buyer using Broker

No, I have not talked to the other broker because I am undecided.
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