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Old 18-06-2017, 17:55   #1
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Broker Expenses

Looking for some insight on who pays a Brokers travel expenses? Example: Broker is Alabama and 2 boats he has suggested we look at are in South Florida, which is going to require air travel, hotels rooms, etc. What is normal? Just in case its a $$ sensitive issue, price range of vessel is between 250K to 325K. Thanks in advance to anyone who can offer some insight.

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Old 19-06-2017, 06:50   #2
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Re: Broker Expenses

HE is the one who suggested these boats. He can pay his own travel expenses. At least, that's how I would look at it.

He makes his money by sharing the commission on the sale of the boat. Traveling to see boats is a normal cost of doing business for him. Flights and hotels might not be all that "normal," but if he is the one suggesting that this travel is necessary, then I would not be willing to pay his expenses on top of the commission he is going to make when I buy a boat.

If you are located in Alabama, and he is telling you that you have to go to Florida to find the kind of boat you are looking for, perhaps what you need to do is find a good buyers broker in Florida to work with.

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Old 19-06-2017, 12:02   #3

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Re: Broker Expenses

I wouldn't expect the broker is suggesting he be brought along. You need a SURVEYOR in those locations, but the broker has no business there.

He's just telling you that he found a boat you might like. He's done his work, on a multiple-listing boat. And if you buy it as a result, he gets past of the commission.
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Old 20-06-2017, 10:04   #4
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Re: Broker Expenses

The same boats are probably also listed with other brokers, often located much closer!
Some times it can take a bit of detective work to figure out who is the best person to deal with.
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Old 20-06-2017, 10:28   #5
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Re: Broker Expenses

Usually you would go look at the boat rather than a broker. Or send a surveyor from that area for a quick evaluation. Many brokers don't seem to know that much. I once had one go to a boat in Florida, I was in WA state. I talked with him on the cell phone while he was at the boat and, being in Florida, asked "so how powdery/flat is the gel coat on the deck etc?" He said it looked good.
When I got there to the boat later, it was so UV depleted it would leave heavy white residue on your hand when you rubbed it.
Are you dedicated to that broker for some reason? Be careful about that as he is likely trying to get a commission pointing you toward boats not in his area. Not a big deal, t it's nice to have a broker just deal with his area, you don't need a broker to locate a boat somewhere else now days...
"I spent most of my money on Booze, Broads and Boats. The rest I wasted" - Elmore Leonard

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