Shane Bellone Thinks It's Ok To Bypass Broker.

[talhahassan]

Hi

I sent two LLL.com domains which I was brokering to Shane Bellone in response to his thread in Domains Wanted.

He replied to me first about dropping the price.

I asked how much is his client's highest offer . To which he said how many months finance would be agreeable.

I told him owners won't agree to financing options.

He then asked me why I messaged him in the first place as his requirement was related to financing the domain and he will contact the owners now to see if they will agree.

I apologized to him for missing the financing part and asked when did it become a good business practice to bypass brokers and contact the owners directly.

His reply was " My business is to get the best price for myself and my clients. Bypassing a broker who may or may not have an exclusive contract makes sense. Saves them a commission which therefore saves me or my client money."

I am attaching the link to the screenshot as well.

imgur. com/a/l4VDz
I think it's totally unethical to bypass a broker . What are your thoughts on this?

 

[B0NES]

Business is not for everyone. If you take things personally like this or you expect anything different you will have some rough deals in the future.

You go into a store to see a TV, you then realize you can get it 15% cheaper buying off amazon. Cut out the middleman, and saved yourself 15%

Business is about making money, if a seller or buyer finds a way to save themselves more money they will go for it. This should be a lesson to you to always cover your own back in situations like this.

 

[S-B]

Money talks yes.. And if we come to you to sell names then there is a large chance that we get NO money since you apparently can be trusted as far as I can throw you. So I think you will find that your rep will have an affect on which and how many deals you will be able to find in future.

Last year, I did just shy of $180,000 in sales, about $60,000 of that was through Paypal, and around $15,000 in checks. I'm pretty confident that enough people trust me. Do not insinuate that I'm some type of thief. That is laughable and I am quite sure you will regret it.

 

[promo]

Yeah Shane your the bomb. We all love you and think the world of you. You simply cant fail and flaunting your frayed ethics wont ever hurt your reputation. You are trusthworthy and would never steal.

You believe what you want. But dont try to threaten me in any way you low life. We will see who will be sorry.

 

[S-B]

Yeah Shane your the bomb. We all love you and think the world of you. You simply cant fail and flaunting your frayed ethics wont ever hurt your reputation. You are trusthworthy and would never steal.

You believe what you want. But dont try to threaten me in any way you low life. We will see who will be sorry.

Lol. Resulting to petty name calling and threats you will not follow through with. It's interesting to see what passes for a man in 2016.

 

[promo]

I am NOT threatening you. You told me I would be sorry for thinking you a thief. I did not accuse you of theft. But to me you are on the same shelf for sure.

Besides its not petty name calling its an accurate description of your person. Thats different.

 

[S-B]

I did not accuse you of theft.

there is a large chance that we get NO money

 

[promo]

Yes. Since we as brokers trust that we can bring buyers leads without them trying to go around us. If they do there is a large chance we get no money. Exclusive or not.

Its exactly what you did. If you equate that to theft. Thats your assesment.

 

[S-B]

Yes. Since we as brokers trust that we can bring buyers leads without them trying to go around us. If they do there is a large chance we get no money. Exclusive or not.

Its exactly what you did. If you equate that to theft. Thats your assesment.

If you read the thread through and through you would realize this "broker" claims to be "brokering" domains without permission. Defend him all you want. The fact remains the majority of this forum does it all day everyday. I would love to hear from someone who just BINs domains at GoDaddy with the hope of reselling them. There's no difference. The only thing that changes is how you view the "little guy" in comparison to the "big guy."

 

[Domainatic]

I think that since we work in such an informal industry, ethics, morale and reliability become paramount to being successful in the long run. Especially as a broker; you burn your bridges today you wont be able to cross them tomorrow.

Even when you have an exclusive contract, you are relying on your seller to honour that and secondly on your leads to not go around you. If any of these chains fail, you wont get paid. So it becomes very important for you as a broker only to commit to trustworthy sellers and only do cooperation with trustworthy brokers and buyers. From what I am hearing here, Shane is neither. Shame shame.

I personally am appalled by @Shane Bellone behaviour in this situation and I will certainly remember this for future reference.

Agree with @promo on the part where he says that we need to rely on sellers to honour the deal even if we have the exclusive contract...
Honouring the deals is what leads to great business relationships and trust...

 

[promo]

I guess how you view this depends on your outlook. In my country we have a saying: "the thief thinks that all men steal".

But fact is that a majority of the people I deal with are respectable business partners. When I hit a bad apple, I delete them as contact and move on. But luckily that is NOT the norm.

 

[talhahassan]

@talhahassan let's talk about ethics huh lol

You contact me on a LLL you want to sell to me I tell you I'll only try and sell it if your the EXCLUSIVE BROKER. you tell me you are. So I contact a connection of mine to pitch the domain. Turns out they where the exclusive broker and had no idea who you where. I felt like a idiot!!!!!!! But makes me wonder did you try to go around the exclusive broker.

I have you blocked because of this

Another pathetic liar Mr IMADOER spotted.
To others who supported him and shane . Ask your proofs before believing such guys.

Links to the conversation between me and Imadoer attached.
I never claimed exclusive over those domains.

http://imgur. com/a/KECRP

http://imgur. com/a/IeWhz

Plus Shane is again lying against me. I never broker domains without permission.

I created this post to warn brokers like me of people like Shane.
i think the purpose is achieved.

 

[S-B]

Another pathetic liar Mr IMADOER spotted.
To others who supported him and shane . Ask your proofs before believing such guys.

Links to the conversation between me and Imadoer attached.
I never claimed exclusive over those domains.

http://imgur. com/a/KECRP

http://imgur. com/a/IeWhz

Plus Shane is again lying against me. I never broker domains without permission.

I created this post to warn brokers like me of people like Shane.
i think the purpose is achieved.

You achieved nothing. Most people here seem to disagree with you.

Oh well. Some people just don't connect the dots.

 

[johnn]

I am not sure why it's so difficult to understand the situation?

Broker: People who are Broke
Exclusive: The owner grants permission to ONE person to sell
Non-Exclusive: Anyone can buy from any broker or directly from the owner.

 

[Domainatic]

I guess how you view this depends on your outlook. In my country we have a saying: "the thief thinks that all men steal".

But fact is that a majority of the people I deal with are respectable business partners. When I hit a bad apple, I delete them as contact and move on. But luckily that is NOT the norm.

I've had some bad apples and I just went away from them...
You know the road is not always easy....you take a few turns,hit some bad spots...but we can improve more...

 

[promo]

Two wrongs does not make a right. I do not condone front running in any shape or form. I dont know if that is what happened here.

What I DO know is what you wrote yourself. That you think its OK to go around the broker and try to get seller to break his contract. And that is what I am reacting to.

 

[promo]

@johnn = person that has been trying to sell the same 10x lll.net names for 10 years => person who needs a broker.

 

[MackieMesser]

I've got the impression from this thread that the anonymity / distance created by the communication via internet - in this case a forum - created some misunderstandings and (initially) lead to maybe overreacted statements written under too strong emotional impact?

This unfortunately seems to be a very prevailing element of most forms of online communication.

 

[wwwweb]

The best way to look at this is in regards to real estate brokers, they come to your house, open up their briefcase, and make you sign a contract. You have an exclusive listing with them for 6 months, so if you sell it on the side, you still need to pay them.

With the domain industry, there are a few solid brokerage houses, and I am sure they sign contracts, or make their clients aware of the terms. Then there is a group of part timers who sort of co-broker domains with the fact if they can move a 5-6 figure name, they can take a home a nice chunk of change. With such contracts you always run the risk.

Just like in real estate nothing stops someone from knocking on your door, and waiting out that 6 month contract to close a sale, if you are co-brokering in a loosely worded arrangement you can't fault someone for contacting the owners directly just based on your words. It is up to your contractual partner the seller, to honor the deal between them, and their broker. If the seller axes your handshake deal, then your issue is with the seller, the buyer you cannot fault as most buyers do everything they can to get the best price.

It is just business, ethics are more directed towards the selling party who has a contract with such co broker, as a potential buyer you have no exclusive contracts with any such party, and your best option is always the source.


It is a touchy subject for sure, but this is business, this is why we have contracts, most brokers BS half the time anyways, do you know how many times I have tried to buy a domain for a few K, and the broker tells me they have a $10K offer rejected already, and a few days later email me saying they will take $5K today.

So it is really up to the selling party to uphold their agreement to the broker to cut them in, if they choose to sell behind the brokers back, no fault to the buyer, they are just paying for a domain to the rightful party, it is upto the seller to compensate the broker for their time, and efforts, not such unsuspecting buyer.

 

[bashariqbal]

Their is business and then their is business ethics. I think ethics are essential to keep a business successful for a long time
And both the parties here are brokers, representing seller and the buyer. 1 broker is working on someone else lead by bypassing him. It may be good for business but not a good business practice in my opinion.

And many times brokers rely on each other to bring in the leads and domain brokering is such a small niche you would not want to loose any potential leads source or reputation.

 

[mr-x]

There is something we call ETHICS. I hope you are aware what is it!

Shane is 100% correct. Responsibility to his client is his only concern.

I would argue without an exclusivity agreement, you're not even an affiliate, just a middle man. When was cutting out a middle man to get a better price unethical?