Any yacht Brokers out there...?

This is a great question. I look forward to the awnser to this question.

It's a jungle out there

Words to remember:

I'll need that in writing, thank you.

Be happy the owner/seller/builder offered you a 1/2 % finders fee (somewhat after the fact) and happier if you receive that amount.

Each brokerage house generally gets 5% each, that is then split 50/50 with the broker so the house gets 2.5%, the broker gets 2.5%, the house has a lot of expenses in the way of an office, insurance, employees, etc.....the broker himself is his main source of income.....so personally I think 1/2% is good when figuring all that, however 1% would be incredible (or maybe expected if there weren't 2 brokers and 2 brokerage firms involved)......but that's just my opinion and I don't think the brokerage laws legally allow a broker to give any finders fee, but not totally sure on that and it does go on often........

Well, in any deal in life, you cannot complain about the amount you are paid after that fact, unless you have discussed the details prior to the deal going down.

It's like the guy that goes to the dealership to buy a car, signs all of the blank finance papers, then complains when he sees the interest rate, after he signed the papers......

Maybe you should consult with him and ask for more.

Hi,

I don't know what are the legal aspects of rights concerning this deal, but how I look at it is; there is no contracted broker for seller, you being approached by seller, you got the buyer, contributed to the success of the deal, in my book the least is 2.5% considering you as a buyers broker or seller broker. I am not sure if you need to be registered or certified to get the broker's commission but that is how I see it should go.

Since you did not bargain the deal before it went through you can only negotiate a raise at this stage or talk sense into seller over couple'a cold ones given your 8 years relation.

Good luck!

Cheers,

In Florida you have to be a licensed yacht broker to recieve any commission on a used boat. You can sell new boats without a license, but must be an employee of the dealer.

Thanks for the info Capt.

So Norseman has to accept what ever he's offered and bite on it!

C'est la vie!

I agree with Old Phart on this. The world is full of promises, be happy if you get your 1/2% & let your friend know your dissappointment AFTER you get paid.
In the past when I have had someone refer me as the builder I ask upfront what they would expect if the deal goes through and remind them this cost willl get added to the price, so it's up to them. I am a handshake kind of guy, but it means NOTHING in these days.
How about letting the owner/broker know he just lost any future business under these terms.

A good point was to get what you are offered before voicing any disagreements, because without a paper, you could easily get zilch if "someone thinks you ask too much".

"A moon" and "a good care" are not specified % commission, btw Should've made it clear what you expect.

eeehhmm...normally we Brokers are talking about 10 %. A 1/2 % would be a nice friendly turn by you