Boat Brokerage Agreement Template

The interest of this article is to make sure that when you buy or sell a boat, you will end up in the custody of a good honest broker. It is the brokers who should receive your fees; their services will be worth the money. This checklist is available to inform you of this document in question and to help you establish it. This is a standard brokerage contract and can be applied to other objects, with the exception of boats or ships. YachtCloser offers its customers an unlimited amount of document storage. Whether you sold this boat one, two or five years ago, you can immediately print, send or check the previous documents as a PDF. If your client calls a year later and says they need a copy of an agreement with YachtCloser, make the requested information available to your client at the touch of a button. At the law firm Lochner, P.C., we work continuously with boat brokers. We work with them on boat taxes and legislative matters, we represent them when sales go wrong, we send them back when our customers need help and we send customers back if necessary. Here are some of the lessons we`ve learned about brokers and their agreements. For many people, the first step when buying or selling a boat is to find a boat broker. Boat brokers are analogous to land-based real estate agents. Depending on the agreement reached, they can represent the seller, represent the buyer or obtain the agreement to represent both.

An experienced consumer will also realize that at some level, the broker also has his personal interests in mind. Brokerage fees are usually around 10% of the selling price, so a broker wants to maximize the price, or if times are meagre, the broker might want to lower the price to make a sale. These factors can benefit or harm the individual buyer or seller. Unlike land-based real estate agents, there are no essential rules for the industry and there are not even requirements for them to hold funds in separate trust accounts. Let`s go back to the blown serpentine roll: the seller`s broker inexplicably recorded for buyers…