Buyer’s Agent/Broker
- Thread starter urquhart
- Start date
Depends. Keep in mind a buyer's agent/consultant works for you the buyer and brokers tend to work both sides. The 3 consultants I did work for had tiered rates for different aircraft types and services. But their basic rate was fixed below $150K in most cases and included locating aircraft, prebuy, lien search, escrow, and delivery. The main thing is to get their rates/services down on paper and that you fully understand the terms. And depending on aircraft you might try inquiring through type clubs for recommendations.
MooneyDriver78
En-Route
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Tom
Mine charge by the hour, and provided transition training.
Kristin
Pattern Altitude
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Kristin (The Aviatrix)
I charge an hourly rate for most things, like the record review, purchase consulting, etc. When traveling I have a day rate which usually applies if I am going the pre-purchase physical inspection and may or may not apply to transition flight training.
Ted
The pilot formerly known as Twin Engine Ted
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iFlyNothing
Everyone can come up with their own structure and no two airplane purchases are the same. So really there's no "standard", at least that I've seen.
When I help people buy airplanes I generally charge a fee for theoretical discussions ("You want to buy a [insert aircraft type], here are pros and cons, let's talk about your mission, maybe you should also consider [something else]"). That's generally a flat rate. Then if I go to look at an airplane that involves some level of traveling it'll generally be a daily rate plus expenses as appropriate, and I'll include any test flights I perform as part of that. Locally I may just charge an hourly rate. Then for transitioning, same deal - day or hourly rate depending on location, travel, etc.
Assisting with paperwork, title search, etc., again depends. There are companies that handle title search and escrow that are well-oiled machines. Normally what I'd more do is help people in identifying those companies if so desired. Helping with determining appropriate pricing and terms? Yes, that's part of what I do at least, and I think something a buyer's agent should do, although ultimately the decision rests with the buyer.
When I help people buy airplanes I generally charge a fee for theoretical discussions ("You want to buy a [insert aircraft type], here are pros and cons, let's talk about your mission, maybe you should also consider [something else]"). That's generally a flat rate. Then if I go to look at an airplane that involves some level of traveling it'll generally be a daily rate plus expenses as appropriate, and I'll include any test flights I perform as part of that. Locally I may just charge an hourly rate. Then for transitioning, same deal - day or hourly rate depending on location, travel, etc.
Assisting with paperwork, title search, etc., again depends. There are companies that handle title search and escrow that are well-oiled machines. Normally what I'd more do is help people in identifying those companies if so desired. Helping with determining appropriate pricing and terms? Yes, that's part of what I do at least, and I think something a buyer's agent should do, although ultimately the decision rests with the buyer.