Yacht Brokers

[DAKA]

http://www.xtranormal.com/watch/7565131/yacht-broker




.

Any chance of a link to the others in the series too

 

[volvopaul]

What a tiresome guy you are, is this all you are going to ever post about, you will see from the answers most people feel the same, we need some positives across the industry we dont need knockers, of course there are con men out there in very walk of life probably including line of work you are involved in, it must be the same as every other industry including possibly the legal profession and maybe the police force, but as with the boating industry the numbers are very small, but you really need to wind your neck in and get a life, go post somewhere else.

Nice one Brian.

I remember years back when I was involved in motorsport we had a driver in our club who Rose very quickly through the ranks of cars , it was a club and such we all rallied on a shoe string at club level.
The said driver all of a sudden appeared in a works spec car and was then entering the as it was then Rac rally of great Britain, such a rally that us club level competitors could only go out and watch on, never afford to do it.

He then disappeared, along with many hundreds of his clients insurance money, yes you guessed it he was an insurance broker, not passing on the proceeds of his clients money to the likes of Norwich union etc, the clever bit was he could print his own insurance docs, a bit like printing money.
I'm sure these days Daka it's all above board, but it just shows you people will try anything and people trust anybody.

Il say one thing about James Williams, by the sounds of it he only picket on the hm revenue and at no point did he actually sting any individual of there hard earnt cash, either way he was bang out of order messing with the hm, and such ended up paying for it.

 

[ari]

It's like Groundhog day!

Daka, out of interest, what business are you in? And whatever it is, if we can find someone in the same business who has been dishonest at any time, should we then treat you with the utmost suspicion and avoid doing business with you? After all, isn't that basically your advice?

 

[PaulGooch]

The reasons there are more posts than votes is twofold.

a) The questions are ridiculously loaded.

b) Everyone is fed up with listening to DAKA ranting about brokers.

I've had a moan or two myself, in the past and even a poll, but ffs, what's a dealer committing VAT fraud and a guy standing in front of his balcony window in his birthday suit got to do with dodgy brokers ?

 

[Searush]

I couldn't vote cos none of the options were at all relevant to me as I pointed out - now I've posted twice too.

 

[DAKA]

The reasons there are more posts than votes is twofold.

a) The questions are ridiculously loaded.

b) Everyone is fed up with listening to DAKA ranting about brokers.

I've had a moan or two myself, in the past and even a poll, but ffs, what's a dealer committing VAT fraud and a guy standing in front of his balcony window in his birthday suit got to do with dodgy brokers ?

2 b fair paul, thats not really how this poll came about.

My postings on another thread were called in question.
unfortunately you cant add a poll in the middle of a thread .

This poll was purely to ascertain if I was alone in feeling the actions of a Yacht Broker even while not acting as a yacht broker made anyone else feel uncomfortable .

in a nut shell,

Yacht Brokers are unregulated
the system works only due to the integrity of the individual Yacht Broker (most yacht brokers are honourable).
But choose the wrong one and you loose your money .
When yacht Brokers learned that a Yacht Broker was going to prison for VAT fraud they should have realized a chunk of trust was eroded away.
I cant help but feel this is another case of the messenger get shot at again !

 

[beejay190]

My only gripe is that they don't have a central clients account operated by yacht brokers association which would ilininate the temptation of a broker going through a bad patch legging it with the cash.

This is a fair point - which perhaps got a bit buried in your initial post .

But i see no reason to channel large sums of money via a broker. Surely the broker can do all the checks and whatever he/she has to do but only release the keys to the buyer once the seller gives the nod that the sale proceeds are in his bank account.

Otherwise use a lawyer to handle the money transfer.

 

[davidej]

Appallingly biased poll.

Just look at the first option - worded so no-one is likely to vote it.

Just what I would expect from someone who rides his pet hobby horse on every possible occasion.

 

[PaulGooch]

This is a fair point - which perhaps got a bit buried in your initial post .

But i see no reason to channel large sums of money via a broker. Surely the broker can do all the checks and whatever he/she has to do but only release the keys to the buyer once the seller gives the nod that the sale proceeds are in his bank account.

Otherwise use a lawyer to handle the money transfer.

Don't forget, none of the cases being discussed have anything whatsoever to do with brokers legging it with sellers or buyers money.

One case is a dealer who was convicted of VAT fraud.

One case is a broker who got nicked for standing on his balcony with his clothes off.

One case is about a boat with osmosis being sold to two people who didn't bother with a survey, etc etc.

 

[DAKA]

Appallingly biased poll.

Just look at the first option - worded so no-one is likely to vote it.

Please start your own poll

 

[longjohnsilver]

I thought it didn't have osmosis and still can't see how Mark1 lost out.

I must be even thicker than I thought!!

 

[davidej]

DAKA does make some quite fair points but he is so relentless with his anti-broker invective that the wood tends to get lost among the trees.

When we made our last boat purchase (a not inconsiderable sum of money), we paid the deposit into the brokers client account - which, argueably, could have been at risk in certain very unlikely circumstances. However, we made the final payment by debit card at the brokers office and he gave us the Bill of Sale and keys as soon as the payment went thru -absolutely NO risk there.

 

[beejay190]

DAKA does make some quite fair points but he is so relentless with his anti-broker invective that the wood tends to get lost among the trees.

When we made our last boat purchase (a not inconsiderable sum of money), we paid the deposit into the brokers client account - which, argueably, could have been at risk in certain very unlikely circumstances. However, we made the final payment by debit card at the brokers office and he gave us the Bill of Sale and keys as soon as the payment went thru -absolutely NO risk there.

No risk to the buyer but the seller remains at risk.

So, when you come to sell your boat will you require the sale proceeds to be paid directly to your bank account or will you be content for the funds to flow via the broker ?

 

[davidej]

So, when you come to sell your boat will you require the sale proceeds to be paid directly to your bank account or will you be content for the funds to flow via the broker ?

If we sell thru the same broker as we bought (Foxs Ipswich), I would be quite happy with the latter. Unfortunately the sum is not likely to be as big.

 

[jonic]

Please start your own poll

OK

http://www.ybw.com/forums/showthread.php?t=313378

 

[PaulGooch]

No risk to the buyer but the seller remains at risk.

So, when you come to sell your boat will you require the sale proceeds to be paid directly to your bank account or will you be content for the funds to flow via the broker ?

Not so, there was a risk to the deposit.

However, with it being Fox's, that risk must have been minuscule (or less).