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Extreme Veteran
Posts: 324
| How do you determine a fair finder's fee when a friend brings you a buyer and helps facilitate the sale of a barrel horse? (Horse's price is in the lower 5-digits)
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 Namesless in BHW
Posts: 10368
 
Location: At the race track with Ah Dee Ohs | I'd give 10% |
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 Expert
Posts: 1302
Location: California | If someone actively tries to find me a buyer and sends someone to me - 5%, if someone shows the horse or does the selling for me 10% |
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 Miss Laundry Misshap
Posts: 5271
| If you asked the friend to help you, I'd probably go 10%. If the friend just sort of showed up with a buyer and stood around and talked great about your horse, maybe 5% or a really nice dinner out or something.
Sometimes I feel that friends specifically want something when they try to help you sell something. Other times I genuinely think they are just great friends and don't want a thing but your smile and thanks. Talk to your friend and feel them out on what they might want for helping. |
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Defense Attorney for The Horse
Location: Claremore, OK | 10%
Doesn’t matter if they helped facilitate or not. If they sent you the buyer (that you wouldn’t have had otherwise) 10%. |
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 Guys Just Wanna Have Fun
Posts: 5530
Location: OH | IMO---a true friend would expect nothing unless it is their business of selling horses. |
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Defense Attorney for The Horse
Location: Claremore, OK | Mighty Broke - 2018-10-16 8:41 AM
IMO---a true friend would expect nothing unless it is their business of selling horses.
A true friend would at least offer the finder’s fee, without question, no matter what the friend’s occupation is ;-). The friend on the receiving end can simply turn it down, but the option should be hers. |
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Guys Just Wanna Have Fun
Posts: 5530
Location: OH | Liana D - 2018-10-16 9:54 AM Mighty Broke - 2018-10-16 8:41 AM IMO---a true friend would expect nothing unless it is their business of selling horses. A true friend would at least offer the finder’s fee, without question, no matter what the friend’s occupation is ;- ). The friend on the receiving end can simply turn it down, but the option should be hers.
Valid Point |
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Queen Bean of Ponyland
Posts: 24954
Location: WYOMING | Yall are generous. I've sold a few horses lately for people and got offered nothing, zip, zero, nada. Heck one didn't even thank me.
I wasnt really expecting anything but now I feel jipped. I WANT MY 10% dang it!!! |
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 Wishing I were a Wildcat
Location: 'Hawk Country | I don't expect anything if I tell someone about a horse. Especially, if all I did was tell them and give contact info. |
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 Famous for Not Complaining
Posts: 8848
Location: Broxton, Ga | little_bug - 2018-10-14 11:37 PM
If someone actively tries to find me a buyer and sends someone to me - 5%, if someone shows the horse or does the selling for me 10%
This......... |
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 Reaching for the stars....
Posts: 12708
| I have a 'friend' who wants 10% even tho they had -0- to do with the sale. Sold to a real friend with only a convo between me and the buyer.
I'd be happy to pass on a percentage to a friend who helped bring a buyer. I don't know if a conversation alone is worth 10%, but any active involvement would be (bringing person, riding horse, advertising, cleaning up for appointment, etc.) |
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Impressive!!
Posts: 1954
Location: Idaho | This is a hard one for me. I've got a couple really nice finished horses for sale $20-30k horses... I've had people ask me if they said me a buyer would I pay them 10%? And to me, honestly, if you all you do is say " so so has a really nice horse, here is her number, go try the horse"... and that person buys my horse... why should you get $2,000 ? Now I do ride and sell client horses, usually lower 4 digit horses (trail horse, etc) locally sold horses... I get 10% when horse sells. Now I market, handle buyers and handle the selling of said horse. So my 10% on these horses are from $200-$500... and I do A LOT of work plus I keep the owners out of it so they don't have to hassle with it. BUT for me to give someone $2-3k on giving someone my number kind of doesn't make sense to me. You want $500? Ok, that is fine. I am more then willing to give back to those who help. |
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 A Somebody to Everybody
Posts: 41354
Location: Under The Big Sky Of Texas | I have seen this bring out the worst in people over a commission, I saw 2 well know big named barrel racers get in to it over a commission at a race in front of children and other barrels racers, was not a pretty picture, as it turned into a cat fight, and they were big time friends.
I have never asked for a commission and I have helped more then a few people sell their horses and only one did offer me a commission but did not take it since it was a friend.. But sometimes some do take for granted that you are a friend so they dont offer, and I think that is not right, you should offer at least.. |
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Extreme Veteran
Posts: 324
| Liana D - 2018-10-16 8:54 AM Mighty Broke - 2018-10-16 8:41 AM IMO---a true friend would expect nothing unless it is their business of selling horses. A true friend would at least offer the finder’s fee, without question, no matter what the friend’s occupation is ;- ). The friend on the receiving end can simply turn it down, but the option should be hers.
^^She hasn't asked for a fee and has actually insisted that she doesn't need one. We've been good friends for years.
Regardless, if she's going out of her way to help me sell one of my horses, she will be getting compensated for it lol. I'm a big-time believer in treating people how you want to be treated.
It seems like the popular opinion is 10%-- if she refuses a check I may just have to buy her something of equal value, like that saddle I know she's had her eye on but won't let herself splurge for lol
Thanks everyone! |
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Reaching for the stars....
Posts: 12708
| **Cowgirl Up** - 2018-10-16 4:00 PM Liana D - 2018-10-16 8:54 AM Mighty Broke - 2018-10-16 8:41 AM IMO---a true friend would expect nothing unless it is their business of selling horses. A true friend would at least offer the finder’s fee, without question, no matter what the friend’s occupation is ;- ). The friend on the receiving end can simply turn it down, but the option should be hers.
Regardless, if she's going out of her way to help me sell one of my horses, she will be getting compensated for it lol. I'm a big-time believer in treating people how you want to be treated.
It seems like the popular opinion is 10%-- if she refuses a check I may just have to buy her something of equal value, like that saddle I know she's had her eye on but won't let herself splurge for lol
Thanks everyone!
I've done that with peeps before - when they wouldn't take cash (or check) I've found something they really wanted but wouldn't spring for. It's a great way of saying 'thank you!' |
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Married to a Louie Lover
Posts: 3303
| We offer something, it just depends on what the person actually does.
As another poster said, there’s a difference between hey so and so has a horse for sale, you should get in touch and someone actually brokering a deal or showing the horse for you. I don’t have a problem tossing some $ either way, but the two scenarios don’t warrant the same amount to me. |
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Veteran
Posts: 276
| As a "broker" I don't expect anything for just telling someone about a horse, giving out contact info, etc... We travel a lot, have a lot of connections, and I just genuinely like helping people find nice horses that would make a good fit. Obviously fitting, showing, lending the use of facility/livestock, bringing a buyer to try would all warrant an actual commission.
On the flip side, we sell several horses, and when we do I like to take care of my connections. I usually offer at least 5% for any kind of help, and if they turn it down, I'll send a gift card at least for a nice dinner or something. Sometimes a small $100 gesture goes a long ways. When you train/sell for profit, you want all of your customers and relations to be happy and always looking to come back! |
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Figuring a Finder's Fee