T&T: Buyer's Broker

[Leonard Brunotte]

Amen

-----Original Message-----
From: trawlers-and-trawlering-bounces at lists.samurai.com
[mailto:trawlers-and-trawlering-bounces at lists.samurai.com]On Behalf Of
George and Emilie Rankin
Sent: Sunday, June 28, 2009 2:10 AM
To: trawlers-and-trawlering at lists.samurai.com
Subject: Re: T&T: Buyer's Broker


Brokers of all types are in business for the percentage of the deal that
they get.  Their insane fees come about because they have (or had) a
monopoly on the listing services.  (Pssst: "boats.com")    If you want
somebody to be on your side, hire an attorney.   If the deal is too
complicated for you to do yourself (boats may always be) then get an
attorney in an appropriate field.   Brokers generally have no legal
training, and if they do their goal is to ensure that their fees get covered
rather than to protect the buyer's interest.    As far as knowing about
boats, it may be more cost effective to hire a surveyor at an hourly rate to
go and look at boats with you.

You need somebody to write a contract to ensure that people have a financial
incentive (other than further raids upons your pocketbook) to do "the right
thing."   Lord knows it won't happen otherwise.   (This is not a theoretical
discussion for me.)  The biggest mistake I have made out of many is not
nailing down a firm delivery date for a working, commissioned boat with
financial penalties if that date is not met.   In these financial times such
conditions should be easier to impose.

George
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