T.R | Title | User | Personal Name | Date | Lines |
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1166.1 | Never heard of it | TOOK::SCHLENER | | Mon Jan 29 1990 12:33 | 9 |
| I've never heard of a sales commission. I can imagine that if the
stable actually sold your horse for you, there might be a commission
involved but 20%? That's highway robbery. Even real estate commissions
are only 6%.
How is the stable otherwise? It sounds like they're out to get as much
money as possible.
Cindy
|
1166.2 | Welcome to the real world. | SMAUG::GUNN | MAILbus Conductor | Mon Jan 29 1990 13:00 | 31 |
| You might be surprised over the number of people who will have their
hand out for a "commission" when a horse gets sold. While the practise
is not universal, it's quite common amongst "professionals" in the
horse business.
It can work like this:
If you, as a novice rider, get sufficiently hooked on riding to
consider buying your own horse, ask your instructor for advice. Your
instructor knows of and contacts a local horse dealer who does not at
that time have a suitable horse but makes referral to yet another
dealer who knows an instructor, one of whose pupils is trying to sell
their old horse (having bought a new horse on the recommendation of
this instructor) that is boarded at a public stable. ALL the folk in
this chain including the public stable owner may have their hand out
for some percentage, usually 10%, of the selling price of the horse.
The commission is normally paid by the seller but, of course, it's
factored into the price of the horse.
Commission paid for services rendered is not unreasonable. So, if your
asking somebody professionally knowledgeable to help you buy or sell
your horse expect to pay them for their services, either directly or
through a commission. However, some chains between buyer and seller in
the horse world become long and tortuous and the commissions get out of
hand.
In the case outlined in .0, the 20% commission might be reasonable if
the stable were going to take an active role in selling the horse in
question and had to take care of others in the referral chain. It's
hard to make a living in the horse business. Each buyer and seller must
decide for themselves the limits to what they consider reasonable.
|
1166.3 | | LEVADE::DAVIDSON | | Mon Jan 29 1990 13:03 | 11 |
|
20% does sound outragous! The percentage I usually hear is 10%
of the horse's sale price. Perhaps they have stipulated that amount
to cover insurance in case the person trying the horse is injured??
(I still wouldn't want to sell my horse if he was in boarded there.)
-Caroline
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1166.4 | Can you reverse them? | PFSVAX::PETH | My kids are horses | Mon Jan 29 1990 13:25 | 8 |
| Curious, if you have a mare at home, and you have a horse boarded,
would it not be easier to switch the 2 for the purpose of selling the
boarded one? That way it would be easier to make the horse available
to prospective buyers and insure that he was clean and looking his best
when they came to see him. This would also keep the stables fingers out
of the pie!
Sandy
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1166.5 | | BOSOX::LCOBURN | | Mon Jan 29 1990 14:46 | 30 |
|
Re. 4
I had considered switching the two horses, and may still do that,
but I share the TB (the one for sale) with my brother while the
mare at home is soley mine. The at home horse is also very difficult
for my brother to ride, and I would only be able to get to her
a few times a week myself. Thus, my brother would not be riding
much if the mare were at the boarding stable, while with the
TB there, he can ride continually. I hesitate to let anyone ride
the mare without me around, and the stable is just too far from
me to go to daily. The other reason I don't really want to switch
them is that I have no ring at home (it is planned for spring) and
no place to really *show* the TB to prospective buyers there.
The boarding stable is not the best, I admit. I have had some
bad experiences there with both these horses (the mare WAS there
until I bought my house and moved). They are defineatly in the
business of making money, with little concern for horses. And
they will have no part in this sale whatsoever. We do not use
the training offered there and they have no involvement with the
TB at all. Barely know he is there, actually. He has stayed there
because we are very concientious and my brother attends him daily.
It is defineatly not a place for an absentee owner. I had thought
a commission was a bit odd, although I CAN understand it under
certain circumstances. Thanks everyone for your comments, I feel
a bit better knowing I was not alone in thinking it strange! :-)
LInda
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1166.6 | Who is this stable ? | ARCHER::MURPHY | | Fri Feb 02 1990 12:10 | 7 |
| Is there any way you can let us know who the stable is ? Could you
send me VAXmail ?
If the stable were assisting you in selling your horse, you would
expect to pay a commission. If they are not involved, which it sounds
like they won't be, it is totally unreasonable for them to expect a
commission.
|