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brokered boat commisions ?

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Old 10-20-2005, 10:25 PM
  #21
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Default Re: brokered boat commisions ?

Quote:
Originally Posted by LIOPA
In most cases we will broker your old boat free of commission charges if your buying a "NEW" boat from us. If you back out of the "NEW" boat purchase after the sale of your old boat its 10%. It works very well for both the customer and the dealership. You get full selling price for your old boat without getting hammered on a trade in # and the new boat price is a straight up fair # without making up the difference for a high trade in # to make the deal happen. It's a WIN/WIN situation and our clients love it.
How do you pay your individual salesman if there is no commision on the brokered boat?
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Old 10-21-2005, 03:36 AM
  #22
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Default Re: brokered boat commisions ?

In Europe, broker gets 10% if he achieves the asking price. Which means almost never. If the selling price is negotiated, usually the commission is negotiated as well. Usually, this means that the broker will end up with 5 to 8%. And it makes sense: if the owner makes an effort on the price, the broker should make an effort on commission.

On new constructions, shipyards will usually give 5% although some are now starting to offer 10% to attract brokers and encourage them to offer their products to customers.

On very large stuff, the scale goes as follows:

10% on the first $ 10 000 000 value
5% on the next $ 10 000 000 value
2.5% on any value over $ 20 000 000

So you can hope to get 10% only on stuff under $ 10 million.
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Old 10-21-2005, 09:01 AM
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Default Re: brokered boat commisions ?

I have been able to negotitate a lower % before.
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