View Single Post
Old 10-05-2016, 05:39 PM   #10
Wood
Senior Member
 
Wood's Avatar
 
City: Portsmouth, NH
Vessel Name: Irony
Vessel Model: Bayliner 4588
Join Date: Mar 2016
Posts: 121
Great post. Thanks.

When my real estate brokerage acted as a buyer agent we would structure the offer so that the commission was being paid from the "buyer's" funds. The seller and seller's broker then had the option to accept or reject. Ultimately, the selling broker would reduce their commission creating the split - but our fee was paid from buyer funds. This also created the distance for effective agency representation.

99.9% of real estate agents are also Realtor's though. Realtor standard of practice require commission sharing based on the concept of "procuring cause"

I don't think boat brokerage has anything similar though.
Wood is offline   Reply With Quote