Ah, the bittersweet experience of selling a
1. The Standard Commission: 10-15%
In most cases, the commission for selling a
Expectations Tip: Clarify early on how this commission is calculated. Is it based solely on the sale price, or does it also include additional incentives, such as a quick sale or particularly good match? Set these details in writing to prevent any mix-ups later on.
2. Dual Agency Commissions
If you’ve got both a selling agent and a buying agent involved, both may expect commissions, which can range from 5-10% each. This setup is especially common with higher-value horses, where there may be an agent working on behalf of the buyer and another on behalf of the seller. While this arrangement ensures both parties have someone in their corner, it does mean you’ll need to account for double commissions.
Expectations Tip: Ask if the sale involves any dual agency arrangement before you commit. That way, you’re not caught off guard by additional fees when all is said and done.
3. Marketing and Prep Fees
Some agents and trainers charge a separate fee for advertising, including professional photos, videos, and even social media boosts. These can range from a flat fee of a few hundred dollars to upwards of $1,000, depending on the level of marketing you’re aiming for.
Other preparatory expenses may include clipping, grooming, and even a “tune-up” ride or two if your
Expectations Tip: Get a clear breakdown of any additional fees, including marketing costs and tune-up sessions, before the sale process begins. This transparency helps keep expenses in check and ensures you don’t feel nickel-and-dimed.
4. Travel and Showing Fees
If your agent or trainer is taking your
Expectations Tip: Discuss travel expectations in advance. If you’re hoping for a sale at a specific event, make sure everyone is clear on who covers which expenses.
5. Legal and Administrative Costs
While not a traditional “commission,” you might incur additional costs for legal or administrative help, especially if the sale involves a substantial sum or specific contractual terms. Consulting a lawyer to review the sales contract or using a professional escrow service may add a bit to your budget, but it can provide peace of mind in high-stakes transactions.
Expectations Tip: Before involving legal services, weigh the potential risks and benefits. For particularly valuable sales, this expense can be worthwhile, but for smaller transactions, a standard bill of sale may suffice.
6. The In-Training Sales Commission
For horses that need to remain in training until they’re sold, some trainers charge a “sales prep fee” or include a commission within their monthly training fee. In this arrangement, a trainer keeps the
Expectations Tip: Clarify with your trainer whether they expect a traditional commission in addition to training fees or if there’s an all-included sales fee structure. Double-check how long this arrangement can go on if the sale takes a while.
A Few Final Thoughts
Selling your
Happy selling, and may your next
Can a single agent represent both the buyer and seller at the same time?
Yes, technically one agent can represent both the buyer and seller in a horse sale. But things can get a little… interesting when the same person is trying to get the seller the best price and the buyer the best deal.
The key is full disclosure. Everyone should know who the agent represents, who is paying them, and whether they’re earning money from both sides.
Can it work? Sure. But when horses, money, and emotions are involved, a little extra transparency goes a very long way.