Piston Aircraft Brokering Information/Advice/Guidance?

[BluDevAv8r]

Has anyone on here ever brokered piston aircraft as a full-time or part-time job? I am contemplating getting into it and am in the process of selling my friend's airplane for him as a way to figure out if it is something I would enjoy doing.

If you have done this before (or are doing it now...or know someone who does it), is there any wisdom that you can impart upon me before I step into this arena? What are some pitfalls? Any good website links to learn more about it? Is the standard commission 4% of the purchase price?

Thanks in advance for anything you can share with me on this subject!

-Neal

 

[FN FAL]

Thanks in advance for anything you can share with me on this subject!

Buy low, sell high.

 

[BluDevAv8r]

Buy low, sell high.

Thank you for the informative post...that obvious piece of information makes sense if I was thinking about getting into the dealer side of things but brokers typically don't buy and sell airplanes. They just represent buyers and sellers.

-Neal