Are all aircraft brokers like this?

"Nathan Young" wrote in message
...

The only thing offsetting the broker's desire to get the deal done is
the need for future repeat business. They will not be in business for
long if they get a reputation for screwing their clients.


The only I knew I was getting screwed is that I happened to be sitting
within hearing range of the buyer talking to the broker on the telephone,
discussing the prebuy inspection results and what he wanted. That probably
doesn't happen much, so most people would have no way to know of the
broker's behavior. Also, there is no way a seller would know that the
broker told me that the airplane has certain problems and that I should have
the seller fix them.

In article ,
Nathan Young wrote:

The broker is making their 3% no matter the sale price, and the
difference between a high and low sales price is not substantial
enough to make a broker hold for a better price.

In Ohio, real estate commissions are 7%, except in Hamilton County where
they are 10%.

Anyone paying 7% in today's market deserves to get ripped off. !0% is
so absurd it doesn't warrant a comment...

Jon Kraus
'79 Mooney 201
4443H @ UMP


john smith wrote:
In article ,
Nathan Young wrote:


The broker is making their 3% no matter the sale price, and the
difference between a high and low sales price is not substantial
enough to make a broker hold for a better price.


In Ohio, real estate commissions are 7%, except in Hamilton County where
they are 10%.

john smith wrote:
: In Ohio, real estate commissions are 7%, except in Hamilton County where
: they are 10%.

Wow. *another* reason not to live in Ohio? ;-)

-Cory
--

************************************************** ***********************
* Cory Papenfuss, Ph.D., PPSEL-IA *
* Electrical Engineering *
* Virginia Polytechnic Institute and State University *
************************************************** ***********************

In article ,
Nathan Young wrote:

The only thing offsetting the broker's desire to get the deal done is
the need for future repeat business. They will not be in business for
long if they get a reputation for screwing their clients.

except they can count on the people who don't seem to think that
a seller's broker has any obligation to the seller.

--
Bob Noel
Looking for a sig the
lawyers will hate

Stan:
I always consider the Broker to be an adversary in the transaction, and
would never tell them what I'm really thinking. That's based on prior
experience, regardless if it's home or an airplane. Always be open to
other options, don't feel like you have to take the one presented by
the broker. If you don't like what you hear, wait until the contract
expires, and move on. If you have any proof he took advantage of the
situation, you can take him to court.

Thanks, Terry. This was my first experience, so had nothing to go on and
didn't expect malrepresentation. I have proof that he acted against my
interests in settling the prepurchase inspection issues, but the amount of
money is small and not worth pursuing. Anyway, I got him to pay most of
that.

Stan


"Terry 56W" wrote in message
ups.com...
Stan:
I always consider the Broker to be an adversary in the transaction, and
would never tell them what I'm really thinking. That's based on prior
experience, regardless if it's home or an airplane. Always be open to
other options, don't feel like you have to take the one presented by
the broker. If you don't like what you hear, wait until the contract
expires, and move on. If you have any proof he took advantage of the
situation, you can take him to court.