how much do broker charge to sell your boat?
 

is it a %? is it a flat fee? if so, any minimum fees?

What are / were your experience?

thanks!

7% here at lake of the ozarks with Performance Boat Brokrage

While some charge less, the standard is 10%. And, unlike real estate brokers who split the commission between the buying and selling agents, yacht brokers usually do a 7% to the buying broker and 3% to the listing one. House splits also vary but in Fort Lauderdale, the epicenter of yacht brokers, usually the salesman retains 60% of the commission with the house keeping the remaining 40%. Again, this is based on Fort Lauderdale, but many other licensed brokers around the country follow this standard.

what if the broker has to show the boat and and use his mecanic guy to get the engines started on hoses to different customer, like 4 - 5 times, roughly 1 hour of tech time each time... they absorb these 4-5 hours in their commission? or charge the customer above the commission?

by the way, the case I'm in right now is for a 12-15 k boat... so small money involved to aborb many expenses...

The one time i've sold a boat through a broker it was within this range. We agreed on a price (13.5k) that I would get and they would take anything over that they could sell it for.

Performance boat brokage at LOTO sells alot of boats

Mechanical work is extra. If it's a 12k or 15k boat... well, that's the cost of dealing with lower priced assets. What some guys will do is get you to reveal a "best-lowest-price." And then get what they can over that... 2-4k maybe... As long as it's disclosed it's perfectly legal/ ethical. Not many real brokerages handle assets under 30k. At the end of the day, it's just not worth it.

Hope this helps

All the best,

T

Ditto. I've heard a lot of good things about these guys.

+1

If the brokerage charges 10% comission, the sales man if he lists and sells will get 5%, and if he lists and some one else sells it, its 2.5%. So that will not leave him alot of room to fix anything out of pocket. Best be is to list it in a range that will allow you to fix it at your cost or to give the buyer a discount to fix.