|
|
 Own It and Move On
 
Location: The edge of no where | MissouriJen - 2014-12-01 1:36 PM Not to steal the thread, but what do you think of this situation:
My friend is currently trying to sell a fox trotter gelding - horse is at her house and she is paying for all care and feed, plus riding. Owner wants $1100. Friend is marketing the horse at $1500. Owner says she will only pay 10% regardless of sale price of horse. I told friend she should just send the horse back to the owner because she is going to lose money on the deal (she has already had the horse over a month).
No way in hades would I mess with trying to sell a cheap horse for only 10% if I had to feed the dang thing. We've always done the less expensive ones as we keep whatever we can get over what the owner's asking price is. I'd send that sucker home asap! | |
| | |
 Cute Little Imp
Posts: 2747
 
Location: N Texas | rodeochick382 - 2014-12-02 6:54 AM
rodeoveteran - 2014-12-01 9:46 PM CrossCreek - 2014-12-01 9:37 PM Gunner11 - 2014-12-01 2:30 PM This is a very interesting thread...if I told someone of a horse and they ended up buying it, I would never expect to receive any commission from the seller, because I put forth zero effort. I disagree...I spent a LIFETIME developing a newtork of barrel racing people, countless hours and tons of money riding, hauling, teaching, training, showing. If I put two people together on a horse deal, it's worth every penny of 10%. Without that tip, the sale doesn't go through, why shouldn't I be paid? I am not a 'professional", but I certainly feel anybody that can get your horse SOLD is worth it. Zero effort? How about 40 years worth of effort?
 If you make that call on my behalf without my knowledge or agreement then you deserve nothing IMHO.
If I come across an ad on Facebook and tell a friend about it, and they end up buying the horse, I am entitled to nothing. I ride, haul, and network for myself, not so I can match people up with horses and get paid for it. If I wanted to get paid for that, I would become a horse broker. | |
| | |
 I'm not opinionated
Posts: 4597
Location: Online | I think 10% is to much for just a phone call, especially if the horse is above 5 digits. I don't expect anything if I give a person a phone number. To earn that you should have to do some leg work. Also make the deal on commission ahead of time, before the horse is sold.
Also, no one is entitled to anything for sharing a Facebook post. | |
| | |
 Elite Veteran
Posts: 678
Location: Canada | Personally I would laugh if someone expected 10% for telling someone about a horse I had for sale. I get a lot of calls in my area for people looking for barrel horses and sometimes I have what they need and sometimes I don't. If I don't I usually know of something for sale and will happily direct someone that way. If the redirect ends in a sale that's great and I'm happy for the seller and buyer. I don't call the seller and expect 10% because I redirected someone their way. I'm happy that I was able to help them out and word of mouth spreads quickly that they found a great horse and that help often ends up in more calls looking for horses.
I do charge 10% of the final sale price when I list the horse, place the ads, answer calls and emails, make any necessary videos, and show the horse. The horses are typically client horses so they are already being boarded so I am just charging the 10% of the sale for the work I do.
| |
| | |
Cute Little Imp
Posts: 2747
Location: N Texas | RunNitroRun - 2014-12-02 12:20 PM
Personally I would laugh if someone expected 10% for telling someone about a horse I had for sale. I get a lot of calls in my area for people looking for barrel horses and sometimes I have what they need and sometimes I don't. If I don't I usually know of something for sale and will happily direct someone that way. If the redirect ends in a sale that's great and I'm happy for the seller and buyer. I don't call the seller and expect 10% because I redirected someone their way. I'm happy that I was able to help them out and word of mouth spreads quickly that they found a great horse and that help often ends up in more calls looking for horses.
I do charge 10% of the final sale price when I list the horse, place the ads, answer calls and emails, make any necessary videos, and show the horse. The horses are typically client horses so they are already being boarded so I am just charging the 10% of the sale for the work I do.
Just curious, those of you who feel entitled to 10% simply for directing a potential buyer to a particular horse, how do you go about collecting that commission? Do you contact the seller and say "by the way, I sent those people to you, pay up"? If they don't give you a cut, do you refuse to point people in their direction in the future? | |
| | |
Elite Veteran
Posts: 618
| Wow! I'm really shocked at the idea that giving a lead to a buyer be it a phone #, a name or whatever entitles them to 10%. I have referred multiple people to credible, honest sellers that resulted in a sale. I never expect a dime. That's like saying a car dealership or retail store owes you a commission for telling someone about a truck or pair of shoes. | |
| | |
 Jr. Detective
 
Location: Beggs, OK | One other huge detail when selling a horse. If you have a broker, even if it's someone you think you can trust, the buyer should pay you not the broker....at the very least you should see check/bill of sale. You and the broker can settle up separately. It's just too tempting for some people to sell your horse for way more than you're asking, take 10% of the price that you had agreed on PLUS the extra profit that they made on the side.
| |
| | |
  Damn Yankee
Posts: 12390
Location: Somewhere between raising hell and Amazing Grace | If I got 10 percent commission for every time I told someone about a horse for sale that they eventually bought....I wouldn't have to work three jobs right now and would probably have a few more bills paid off......
I think commissions should be paid on a contract type basis. If I had a horse for sale, person A tried the horse and didn't buy it, but told person B who wasn't interested, then person B told person C, and person C bought the horse....ain't nobody getting a 10 percent commission. Not unless I specifically asked person A to spread the word or they asked me if I would pay them if they found a buyer.
Commission is to be paid for services rendered. If you happen to mention that your friend has a horse for sale, that isn't services rendered, that's just conversation. | |
| | |
 Lady Di
Posts: 21556
Location: Oklahoma | If someone tells me about a horse they have for sale and want me to pass the word on, I tell them up front that I charge a 10% commission. The reason for that is because I sell my own horses and if I sell a horse to a buyer for someone else, then that's taking a buyer that I could have sold one of my horses to! If they don't want to pay the commission, then I don't tell anyone I know about the horse. I have gotten where I don't sell any horses for anyone, though, unless they are trusted friends. I've found people want to use my contacts and my name to sell less than stellar horses and they "forget" to tell me about little details like the horse ducking occasionally, or the fact that it might not be as sound as it appears.....so I pretty much don't sell for anyone except myself and my very good friends. As for me paying a commission, I will always tell you up front if I'm going to pay a commission. Like rodeoveteran, if you take it upon yourself to try to sell my horse w/o making an agreement with me beforehand, you're out of luck. But I don't mind paying 10% to someone for only sending a buyer my way, because that was a buyer they could have sold one of theirs to, so I appreciate the contact and think they should be recompensed. | |
| | |
 Expert
Posts: 1258
Location: MN | dianeguinn - 2014-12-02 6:43 PM
If someone tells me about a horse they have for sale and want me to pass the word on, I tell them up front that I charge a 10% commission. The reason for that is because I sell my own horses and if I sell a horse to a buyer for someone else, then that's taking a buyer that I could have sold one of my horses to! If they don't want to pay the commission, then I don't tell anyone I know about the horse. I have gotten where I don't sell any horses for anyone, though, unless they are trusted friends. I've found people want to use my contacts and my name to sell less than stellar horses and they "forget" to tell me about little details like the horse ducking occasionally, or the fact that it might not be as sound as it appears.....so I pretty much don't sell for anyone except myself and my very good friends. As for me paying a commission, I will always tell you up front if I'm going to pay a commission. Like rodeoveteran, if you take it upon yourself to try to sell my horse w/o making an agreement with me beforehand, you're out of luck. But I don't mind paying 10% to someone for only sending a buyer my way, because that was a buyer they could have sold one of theirs to, so I appreciate the contact and think they should be recompensed.
  | |
| | |
 Elite Veteran
Posts: 746
Location: Missouri | I don't mind paying commission to someone brokering a horse for me and 10% seems to be the going rate. For me it is someone is handling the all potential buyers, phone calls, emails, test rides, etc. To me that is worth it!
| |
| |
| |
Folks on-line