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  1. #1
    Registered form232's Avatar
    My Boats:
    1994, Formula LS 232
    Join Date
    Oct 2002
    Maple Glen

    Question Brokerage Settlement Information

    I'm in the process of selling my 1994 232 LS. I have the boat at a broker and they have a buyer. I have not seen a agreement of sale or anything like that. I have to secure a loan to make up the difference to pay off the boat loan. I have never delt with a broker before. Should they be showing me proof that they have a buyer? I don't want to go through the hassale of getting the loan only to find out the buyer walked away from the deal.

  2. #2
    Registered GregP's Avatar
    My Boats:
    1989 Scorpion 32 CC
    Join Date
    Apr 2001
    Annapolis MD
    If they have a firm (ie written) offer they should be forwarding it to you for review and/or approval.


  3. #3
    Registered Von Bongo's Avatar
    My Boats:
    1997 Cig Kevlar - powered by Boyd
    Join Date
    Dec 2001
    Iowa - Missouri
    When I brokered my Fountain it was all in writing what was going to happen. I had settled on a price that I wanted cash and anything over and above it they kept. That was one option. The other one was a 10% fee based on what ever the boat sold for.

    Since I already knew what I wanted I just set that as the minimum.

  4. #4


    You should make sure there is something on paper first. At the dealership that I work at (SeaRay) whenever there is a brokered boat that is sold, everything has to be on paper and the seller has to sign off on it as well as the buyer. This way both parties know exactly what will happen as well if there are any contingencies...such as financing.

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