ronmhjr
TUG Member
My wife and I recently decided to sell our HGVC t/s (since we used our Marriot T/S more), and listed it on Redweek. We quickly received an offer from an individual whom we later found out was a broker. Finally, we negotiated a price of $9,000 net to us, which we were happy with. When we negotiated the final price, we found out that there are two brokers involved in this transaction. This seemed odd to us, but we went ahead and had them send a contract to us. We received the contract today and realized that the purchaser is one of the brokers (we recognized their name b/c we bought this t/s through them). The total commission for the two brokers will be $1,800 spilt 50/50, with total purchase price $10,800 for 7,000 points. Also, during this transaction also we were led to belive there was a third party who was buying from the 2nd broker. (Please see e-mail)
Excerpt from the broker that contacted me:
The buyer will go to $9000, we just dropped the commission a little and got
him to come up a couple hundred dollars. And after speaking with the other
broker, he said they are only pulling around $7000 on ebay and if we can get
you $9000 now instead of $8500 in a couple weeks.
We haven't signed anything yet. We would like your advice--does this arrangement seem to be above-board?
Also, should we just be happy and let this go even though we feel a little deceived?
Excerpt from the broker that contacted me:
The buyer will go to $9000, we just dropped the commission a little and got
him to come up a couple hundred dollars. And after speaking with the other
broker, he said they are only pulling around $7000 on ebay and if we can get
you $9000 now instead of $8500 in a couple weeks.
We haven't signed anything yet. We would like your advice--does this arrangement seem to be above-board?
Also, should we just be happy and let this go even though we feel a little deceived?
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