Originally Posted by OrangeCrush
Is this kind of arrangement common? If so, how does it work
? Will they ask me to take down my own listing? Advantages/disadvantages? Or should I be wary of this?
Yes, it is extremely common for 2 reasons.
1 The brokers generally have a greater access to buyers and they want to please the buyers (so they can make money)
2 They make a commission from selling your boat
(they make money).
The trick for you is not giving up your rights to the selling process (unless that is what you want). You can offer them a NON-EXCLUSIVE or OPEN listing arrangement which allows them to "own" the buyer and only get a commission if you agree to sell to the buyer they bring you. If someone contacts you directly through your other listing and is not already speaking to POP about your boat, you can still sell them the boat without paying POP a commission.
There is the potential for this to complicate your sale
(e.g. POP claims the buyer was already dealing with them), but in general is not an uncommon situation.
You could also offer them a listing agreement for a single
buyer... if they say they have one. If THAT buyer buys your boat, you pay them, but they are not allowed to advertise or have "ownership" over any other buyers...