"Anonymousely brokering" using Escrow Broker?

[Galleshem]

Hi,

I just realized there is a special functionality in Escrow for domain brokerage.
I was wondering if "anonymously brokering" domains is possible or if any of you did it before?

What I mean by that, is that you find a buyer for a domain you don't own and complete the transaction using this broker Escrow functionality.

Let's say the seller of the domain wants $100 for it and you find someone ready to pay $500 for it. You set the broker fees to $400 and you can chose the option to keep all the information of the deal private, which means the seller won't know how much the buyer paid, only the final amount that he'll get.

Is doing it technically legal or you must have the authorization of the seller to do something like this?

 

[imadoer]

thank you this is very helpful to me

 

[wormfood]

Sounds kind of unethical.

Maybe you could say "I am in touch with the seller of X and they are asking for $ Y. My fee to complete the transaction would be $ Z."
But then you couldn't get 400 out of it like you said in your example, because that would be a crazy fee.

So you'd either have to lie and say the owner's price is 500, lie and say that the owner's price is 450 and your fee is 50 (but set up the Escrow to pay yourself 400), word it in a way that makes them assume you are the owner, or outright lie and say you are the owner, etc...
OR just quote a more reasonable fee, like 10%. I guess it's not that big of a deal if you tell the owner "I have a buyer who is willing to pay that" after you go out and find one. Then take the fee in Escrow like you described, but with the buyer's knowledge. 10% would only be 10 dollars here though :P

Of course, brokers usually work with larger amounts than these.. Just playing along.

 

[ben pedri]

This sounds like a good idea but only thing you got to trust that every thing can fall into place,if it was more like a stock where the transaction would clear instantly via a clearing house it may work,but what YOU CANAVERAL DON'T IS BUYS SOMETHING YOU THINK YOU CANAVERAL Sell TO MAY ENDUSERS AT A Thousand PERMANTENT Mark up,I HAVE DON'T THIS IN THE PAST I SEEMS SOMETHING SELLING FOR 5 OR 10 CENTS On Th email dollars and try to buy it for 2 to 5 cents I immediately market the he'll out of I t at 20 times its selling price then meet in the middle .there are tens of thousands of domains that sellers just want to blow out .take advantage of them

 

[wormfood]

This sounds like a good idea but only thing you got to trust that every thing can fall into place,if it was more like a stock where the transaction would clear instantly via a clearing house it may work,but what YOU CANAVERAL DON'T IS BUYS SOMETHING YOU THINK YOU CANAVERAL Sell TO MAY ENDUSERS AT A Thousand PERMANTENT Mark up,I HAVE DON'T THIS IN THE PAST I SEEMS SOMETHING SELLING FOR 5 OR 10 CENTS On Th email dollars and try to buy it for 2 to 5 cents I immediately market the he'll out of I t at 20 times its selling price then meet in the middle .there are tens of thousands of domains that sellers just want to blow out .take advantage of them

Can you clear that up a little lol
I'm having a hard time reading :D

 

[ben pedri]

Can you clear that up a little lol
I'm having a hard time reading :D

When I get home this phone sux

 

[imadoer]

When i sell names for another seller. We will either agree to A. i will sell your name and collect XX% off of the sale and ll leave the deal transparent. Or B. I will sell your name for this amount and collect whats on top. when this happens i keep it confidential.