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Broker percentage?

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Old 12-01-2014 | 09:15 AM
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Default Broker percentage?

What do you guys feel is standard or fair for this as far as them being the seller?

I will be listing my boat with one and we have talked about pretty much everything but this topic. Since I never have had to use one I am not sure what is good as far as this goes. Any ideas or advise here to help me with this oh so fun journey.

Thanks
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Old 12-01-2014 | 09:41 AM
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10%
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Old 12-01-2014 | 09:43 AM
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^^^^^ They are all 10% in my neck of the woods.
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Old 12-01-2014 | 09:48 AM
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We are 8%, Performance Boat Center, we take trades, set up financing, insurance, survey, mechanical inspection, demos, documentation and more.

www.performanceboatcenter.com
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Old 12-01-2014 | 10:39 AM
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Originally Posted by BrettM
We are 8%, Performance Boat Center, we take trades, set up financing, insurance, survey, mechanical inspection, demos, documentation and more.

www.performanceboatcenter.com

I would like to get it to you or Pier 57 but the $2k - $3k + to get it up that far north is a bit steep lol.

So 10% though is a good and fair area? It is what I had in my mind but wanted to make sure. I will be getting my boat to them myself and they will take it all from there. We have agreed on sale price and all. They will be putting it in their storage area as well but still at a monthly cost and I will have access to use the boat still.
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Old 12-01-2014 | 11:12 AM
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Originally Posted by Nate5.0
I would like to get it to you or Pier 57 but the $2k - $3k + to get it up that far north is a bit steep lol.

So 10% though is a good and fair area? It is what I had in my mind but wanted to make sure. I will be getting my boat to them myself and they will take it all from there. We have agreed on sale price and all. They will be putting it in their storage area as well but still at a monthly cost and I will have access to use the boat still.
That is pretty much the standard.

If you do send it north this time of year, you'll probably get a better rate if somebody is heading back empty.

Last edited by Griff; 12-01-2014 at 11:14 AM.
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Old 12-01-2014 | 11:40 AM
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It depends on the boat really... and most importantly what the Broker is doing to earn their money... Just like Brett has listed.
Some brokers want to type emails, send contracts, then trade phone numbers and collect 10%... Crazy...
10% of a 250,000 boat is $25,000... Thats real money.
that said, the sales process is largely the same for a used '02 $15,000 27' Baja as it is for a used '12 $450,000 42' performance boat... Should the big boat pay much more commission just because it is worth more $?
As I tell brokers that call me wanting to sell one of our listings..... The world revolves around dollars, not percentage points. I always agree on a dollar figure.
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Old 12-01-2014 | 11:53 AM
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Originally Posted by Tim G.
It depends on the boat really... and most importantly what the Broker is doing to earn their money... Just like Brett has listed.
Some brokers want to type emails, send contracts, then trade phone numbers and collect 10%... Crazy...
10% of a 250,000 boat is $25,000... Thats real money.
that said, the sales process is largely the same for a used '02 $15,000 27' Baja as it is for a used '12 $450,000 42' performance boat... Should the big boat pay much more commission just because it is worth more $?
As I tell brokers that call me wanting to sell one of our listings..... The world revolves around dollars, not percentage points. I always agree on a dollar figure.
It is a very very clean 2005 Sonic 358. Agreed list price is $89,995 without trailer for $5k more with, so he is standing to make in the $8k area for the boat if we do 10% . Not chump change really.

It Is going to Sun Coast Power boats in Sarasota.


I have a number figure for what I want to take home after everything and this would still fit into that number for me.

Last edited by Nate5.0; 12-01-2014 at 11:56 AM.
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Old 12-01-2014 | 12:10 PM
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10 % is the norm around the country. Watch out after the fact on storage fees after 30 days of consign , also any cleaning fees, fuel fees, lake ramp fees, filling tire with air fees, and moving the boat around the lot fees, and the big one - covering and uncovering the boat fees. Also paperwork & office filling fees These fees exist from some consigners not all but some have add on fees after their consignment fees.

Some have to charge a storage fee because that is an easy way for the boat owner to have free storage especially during the winter months knowing that the boat most likely will sit and not sell during that time of year for x amount of months. There you go for information on how to obtain free boat storage - put a very high price on your boat and go to town with the consignment boat shops picking one with no storage fees. FYI.

Last edited by BUP; 12-01-2014 at 12:13 PM.
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Old 12-01-2014 | 01:05 PM
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Originally Posted by BUP
10 % is the norm around the country. Watch out after the fact on storage fees after 30 days of consign , also any cleaning fees, fuel fees, lake ramp fees, filling tire with air fees, and moving the boat around the lot fees, and the big one - covering and uncovering the boat fees. Also paperwork & office filling fees These fees exist from some consigners not all but some have add on fees after their consignment fees.

Some have to charge a storage fee because that is an easy way for the boat owner to have free storage especially during the winter months knowing that the boat most likely will sit and not sell during that time of year for x amount of months. There you go for information on how to obtain free boat storage - put a very high price on your boat and go to town with the consignment boat shops picking one with no storage fees. FYI.

I will ask about the small fees for sure. Some I know should not occur like the cover/uncover as three is not one and the storage is a large indoor warehouse.


I know there is a monthly note to store. W have already went over that. He is charging $300 a month and that is exactly what I currently pay. So no issue there.

In the end I am hoping just a straight 10% fee at most and no extra small stuff.
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