kickbacks alleged in suit

Lets suppose an agent sees a horse run who he likes. He calls the seller and says, how much. The seller will sometimes say, 300 grand and we will take care of you. Meaning they will pay you a commission. Sometimes you call up and say how much, and they will say 300 grand TO US! meaning put your commission on top of that or bill the other side.
Most guys who buy privately are pretty sharp. They have a pretty good idea of what a horse is worth.

[Sightseek]

You can also have more than one agent involved in the private buy transaction much like realtors act or an agent who refers to another agent who than finds the buyer. Not the most money making way to do it, but some guys have the windows to better buyers that another agent might not have.

Originally Posted by Sightseek

You can also have more than one agent involved in the private buy transaction much like realtors act or an agent who refers to another agent who than finds the buyer. Not the most money making way to do it, but some guys have the windows to better buyers that another agent might not have.

Sight this is done on most private sales.
Its like a chain. Guy calls an agent and says see if you can get me 200 grand for this horse. so the agent calls another agent, who calls another agent before someone has a client who wants the horse. By that time 3 guys are splitting the commission, which isn't exactly the best way to make money, but 1/3rd of a loaf is better than none of a loaf. You can't be greedy if you wanna sell. The more people involved the more ways that the money is split. A 20 grand commission may turn out to be 6666 to three guys.

[Cajungator26]

Originally Posted by oracle80

Lets suppose an agent sees a horse run who he likes. He calls the seller and says, how much. The seller will sometimes say, 300 grand and we will take care of you. Meaning they will pay you a commission. Sometimes you call up and say how much, and they will say 300 grand TO US! meaning put your commission on top of that or bill the other side.
Most guys who buy privately are pretty sharp. They have a pretty good idea of what a horse is worth.

So Mike, let's say you had an agreement with your buyer to take care of your commission... if the seller decided they were going to "take care of you" does that mean you would take both commissions or would you credit your buyer?

Originally Posted by Cajungator26

So Mike, let's say you had an agreement with your buyer to take care of your commission... if the seller decided they were going to "take care of you" does that mean you would take both commissions or would you credit your buyer?

I'd take one side.