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Old 22-09-2015, 06:01   #31
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Who pays the commission rate...

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Originally Posted by rabbi View Post
A buyers broker will not give you access to any privately listed boat as there is no listing broker involved so no commission to share.
This "commission thing" is relevant. It remembers me the real estate market in Germany. Over years the market turned into a high speculatively business, because of lack of living room. Owners had been in a very good position.

Regularly the commission rate was payed by the buyer. Logically we can imagine what happened: Wealthy buyers payed (illegally) highly commission rates to get the "object of desire". Kind of corruptive business the brokers went into.

The new German law stopped this since beginning 2015 following the "order princips". The seller orders a broker to do the job for him, so he has to pay the commmission rate, alone. The buyer no more is involved.

This new regulation clearly stops wild speculatively business methods.

I think, this handling of real estate brokerage in Germany could be a good example how it should be handled in the boat market, isnt ? :-)
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Old 22-09-2015, 06:49   #32
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Re: Shopping for Cat with buyers broker or without?

In Australia most Brokers work for a brokerage, whether buyer or seller. They get paid a percentage or the final sale price, this can be between 7 and 11% agreed upon by the seller and his broker in a contract prior to the boat being marketed. A buyers broker prior to introducing the buyer to the sellers broker make an agreement to the cut of the commission normaly 60/40 seller/buyer broker. now the broker does not pocket all that share of the commission but gets a share normaly 1/3 as 1/3 goes to the owner of the brokerage 1/3 for the running of the office leaving 1/3 to the broker, brokers do work for their money.
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Old 22-09-2015, 07:31   #33
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Re: Who pays the commission rate...

Skip,
Sorry but you are wrong.
The handling you decribed is only valid for the rental market. This is not true for real estate deals where the listing broker is paid a comission by the buyer.
There is no buyer's broker kn germany unless a buyer hires one and pays him whatever they agree to.
A listing broker in germany sharing a comission with a buyers broker? Never heard of this.
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Old 22-09-2015, 12:28   #34
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Re: Who pays the commission rate...

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Skip,
Sorry but you are wrong.
The handling you decribed is only valid for the rental market. This is not true for real estate deals where the listing broker is paid a comission by the buyer.
Tks... seems I got something wrong in the world of German law :-)

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There is no buyer's broker kn germany unless a buyer hires one and pays him whatever they agree to.
I have my doubts that this might work... with the heavily housing shortage in Good old Germany such a buyer's broker would have to take huge efforts to organize tiny overprized appartements... not many buyers could afford it.

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A listing broker in germany sharing a comission with a buyers broker? Never heard of this.
The Australian model might provoke blood and thunder within the broker cast driven by the German envy culture, hm ?
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