slkn
Data Analytics & Machine LearningEstablished Member
- Impact
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Need some help about domain brokerage contract terms:
1. If broker ask for a 6-months exclusivity for domain representation, is it normal to ask for a minimum sales (domain number or cash value) to reach per month?
Therefore, if sales objective term is not achieved, contract should be terminated?
2. Regarding transaction, bank transfer, escrow and related fees, should be described in the contract terms? As a seller, buyer would cover all these related.
3. How do we ensure that the buyer have placed a realistic offer, and broker is not offering a lower acceptable value for a domain. This is benefiting from both commission and margin from real offer vs broker offer?
Example: Real buyer offer at 5,000; broker ask seller for 3,000 (which is minimum acceptable price by contract); then broker to earn 10% of 3,000 + extra 2,000, without informing of the real offer.
Thank you all!
1. If broker ask for a 6-months exclusivity for domain representation, is it normal to ask for a minimum sales (domain number or cash value) to reach per month?
Therefore, if sales objective term is not achieved, contract should be terminated?
2. Regarding transaction, bank transfer, escrow and related fees, should be described in the contract terms? As a seller, buyer would cover all these related.
3. How do we ensure that the buyer have placed a realistic offer, and broker is not offering a lower acceptable value for a domain. This is benefiting from both commission and margin from real offer vs broker offer?
Example: Real buyer offer at 5,000; broker ask seller for 3,000 (which is minimum acceptable price by contract); then broker to earn 10% of 3,000 + extra 2,000, without informing of the real offer.
Thank you all!