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.

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,

Thanks for the info Capt.

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

C'est la vie!

Hi Norseman --

The only states that require a license are Florida and California. If the yacht is not in either of these states, then you don't need a license to broker and you should be able to negotiate a more generous commission split.

If the vessel is in Florida, then you need to be very careful about putting buyer and seller together with expectations of compensation. I strongly recommend that you delete any reference to commission. Having said that, you should certainly feel entitled to a generous thank you gift from the broker.

Realistically, it sounds like you told the broker you would try to find a buyer for his boat. And you are helping a buyer find a boat. Looks and smells like... get a license already ;-)

Judy

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