Originally Posted by SMO
Well, I'm glad the story I heard was not true. It certainly ran counter to the integrity I have come to expect from this community. And I had no idea who the protagonist (def: leading character in a fictional story) was.
I apologize for any angst my post caused.
Explanations trump suppression every time!
I have no dog in this fight but after all the shenanigans, I called the buyer back to confirm what he had told me. I wanted to be 100% and make sure he was 100% now that this is out in the open and names have been shared.
The buyer maintains that he called Rick for a pre-buy after having agreed to a price and terms with the seller. Rick agreed to to the pre-buy for $250.
The night before the pre-buy, Rick called the buyer and Rick said he was still planning to do the pre-buy but suggested that if he could get the seller to reduce the price, he would like to split whatever he was able to get taken off the sale price with the buyer so the buyer would write him a check once the sale was completed. The buyer shared that Rick was going to tie this to what he thought the aircraft was worth and repairs he was suggesting.
The buyer continued by sharing that Rick asked for 40% of whatever he could get the price reduced by (60/40 split of the discount he was able to get the seller to agree to), not the entire sale amount
. If Rick could get the seller to reduce the price by $10k based on his opinion of value and repairs that he said the aircraft needed, the buyer would write him a check after the sale for $4k.
That's it. Not complicated at all. It just hit me as a little strange that the person hired to do the pre-buy after a sale price had been agreed to, would ask for commission for getting the price lowered. I just wanted to know if that was standard practice today.
If I were selling and airplane and found out later that the pre-buy inspector came in with financial motive to get me to reduce my price based on repairs he suggested or any other reason, I would not be happy.
PS - As a side note, later yesterday I learned that the buyer shared this exact same information with another pre-buy inspector who called me after learning about this thread.