Brokerage fee

On Monday, October 14, 2019 at 5:23:48 PM UTC-6, wrote:
I'm working on the sale of a glider from a deceased club member for his estate. The estate has no idea how to sell a glider and what level of effort is involved. What is a fair brokerage fee (percentage) to handle the transaction for them? I plan on putting the glider on several websites and marketing it locally. I'll be handling inquiries, showing, the sale and paperwork to transfer ownership. Obviously I'm not a professional broker, just trying to help them but they have asked what a fair fee would be.

What glider is it, condition? It could be a headache and take a lot of your time.

Mike

What's a day of your time worth?

Open trailer, pull out & take photos, :30 or an hour. Web listings, :20. Canned email response with photos, copy of last inspection signoff, :10. They have to be serious before I'll drag it out repeatedly. I can figure that out based on questions. Collect notarized authorization of estate signatories, death certificate, bill of sale and registration application and be the escrow officer.... receive phone verified cashier's check, complete docs and hand over logs and keys. The actual transaction takes maybe :30 including the call to the issuing bank.

If it is something that will sell easily, you're off the hook early. Show them comps from other ads.

Sometimes the executor only feels comfortable if they pay something. You could ask them to make it a donation to his club . . .
I've done it for several estates.

Cindy

On Tuesday, October 15, 2019 at 1:20:05 AM UTC-5, CindyB wrote:
Collect notarized authorization of estate signatories, death certificate, bill of sale and registration application and be the escrow officer.... receive phone verified cashier's check, complete docs and hand over logs and keys.

Obtain the Trailer Title / Bill of Sale with the VIN or some factory number off of the trailer data plate. Getting a trailer tag is often an afterthought after the purchase and can be a paperwork hassle. May require an inspection and weighing in some states. The trailer tag and registration paper must match when the highway patrol stops you, as having one tag for 3 trailers is over, at least in Texas. Ask me how I know!

Ask the estate if they'll donate the glider to the club or sell it at
reduced price to the club or some of the members.Â* This would help out
the younger members and might have the benefit of a tax break to the estate.

On 10/15/2019 6:06 AM, Burt Compton - Marfa Gliders, west Texas wrote:
On Tuesday, October 15, 2019 at 1:20:05 AM UTC-5, CindyB wrote:
Collect notarized authorization of estate signatories, death certificate, bill of sale and registration application and be the escrow officer.... receive phone verified cashier's check, complete docs and hand over logs and keys.

Obtain the Trailer Title / Bill of Sale with the VIN or some factory number off of the trailer data plate. Getting a trailer tag is often an afterthought after the purchase and can be a paperwork hassle. May require an inspection and weighing in some states. The trailer tag and registration paper must match when the highway patrol stops you, as having one tag for 3 trailers is over, at least in Texas. Ask me how I know!


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Dan, 5J

On Tuesday, October 15, 2019 at 11:29:15 AM UTC-4, Dan Marotta wrote:
Ask the estate if they'll donate the glider to the club or sell it at
reduced price to the club or some of the members.Â* This would help out
the younger members and might have the benefit of a tax break to the estate.

On 10/15/2019 6:06 AM, Burt Compton - Marfa Gliders, west Texas wrote:
On Tuesday, October 15, 2019 at 1:20:05 AM UTC-5, CindyB wrote:
Collect notarized authorization of estate signatories, death certificate, bill of sale and registration application and be the escrow officer..... receive phone verified cashier's check, complete docs and hand over logs and keys.

Obtain the Trailer Title / Bill of Sale with the VIN or some factory number off of the trailer data plate. Getting a trailer tag is often an afterthought after the purchase and can be a paperwork hassle. May require an inspection and weighing in some states. The trailer tag and registration paper must match when the highway patrol stops you, as having one tag for 3 trailers is over, at least in Texas. Ask me how I know!


--
Dan, 5J

You can have the estate donate the glider to Treasure Coast Soaring Club in Vero Beach, Florida. We have a youth program that teaches youth at NO COST! You hopefully will see the most beautiful donated youth project that was completely rebuilt with the help of our youth program. The estate must provide heir documentation to complete the registration with the FAA. We can have the ship appraised and give the donor a legal deduction for the tax deduction. It's all about making sure the next generation enjoys what we all have enjoyed through our glider experiences. Bob