Quote:
Originally Posted by mramoo
I am having a hard time getting head around this. You now have two brokers splitting the commission, and each is trying to make a living. To me this means that they would like to get as much income as possible. This means selling the vessel for as much as they can get. So why would a broker try hard to get you the lowest price for the vessel.
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I've used a buyers broker and had a great experience.
I gave him my upper limit for the boat I was interested in and he negotiated a better price than I expected.
The buyer broker wants to make the sale (or they don't get anything) so they are trying to satisfy you the buyer. Actually the seller broker is in a similar situation so they want the deal to go through even if it means at a lower price and slightly smaller commission - hold out for top dollar and they may have to invest lot of time to find a willing buyer.
In my situation the buyer broker actually got more than 50% of the commission - the selling broker apparently was motivated to make the deal and a broker with a seriously interested buyer can have power in the negotiations...listings don't get brokers anything until the deal is done.