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We are sorry Steve Harrison was unhappy with us for finding a buyer for his boat. Steve signed a brokerage agreement with us in December. Shortly after we presented him an offer for $100,000 which he refused. The boat had already been removed from the water for the winter and all systems winterized. The sea trial necessitated launching the boat and commissioning the engines and generator, which would have to be rewinterized and the boat rehauled and blocked for the winter. Don Mueller, our sales manager, negotiated a new sale price of $103,000 and had Steve Harrison sign a letter of acceptance for $92,700. This figure represents $103,000 less the standard brokerage fee of 10% to which Steve Harrison agreed to when signing our brokerage agreement. Unfortunately Steve Harrison met the buyer after the sea trial and before the sales agreement was completed. He asked the buyer how much he was paying for the boat. When he found out the buyer was paying $103,000 he became agitated as he thought we were selling the boat for $100,000 and absorbing the extra expenses out of our brokerage fee. He then threatened to sue us for fraud and proceeded to sell the boat directly to the buyer, eliminating us from the sale and violating the brokerage agreement he signed. After threats, both parties consulted with their attorneys and decided to sign documents releasing both parties from any future legal actions.

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