We are preparing to make an offer on a fairly large boat, and I am concerned that I may be overlooking some of the legal issues associated with the purchase. Our broker seems pretty knowledgeable, but he’s obviously not a lawyer so he may be overlooking something too. We have...
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One Response
As a recent party to a transaction using the CYBA contract I can say is refuse all clauses that waive broker of responsibilities or you may end up with a boat without title papers. The CYBA contract explicitly protects the brokers from their failures and leaves the buyer and seller to duke it out when broker fails.