how much do broker charge to sell your boat?
10-02-2011, 12:37 PM
#1
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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!
What are / were your experience?
thanks!
10-02-2011, 03:10 PM
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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.
10-02-2011, 03:18 PM
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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?
10-02-2011, 05:35 PM
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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.
10-03-2011, 10:31 AM
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Hope this helps
All the best,
T
10-03-2011, 01:25 PM
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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
Hope this helps
All the best,
T
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.
