A VN domain broker or domain brokerage service can help facilitate a deal between the owner of a domain and the buyer of a domain.
- What a domain broker does
Domain brokers operate in a number of ways, and they can either represent a domain owner, a domain buyer, or they can operate as an impartial third party between the buyer and the seller.
This guide will teach you about what a domain broker does, and you can see if a domain broker can help you. You can also reference this list of domain brokers if you are ready to use the services of a domain broker.
- Work with a domain broker
Several domain brokers have a proprietary list of customers and other domain buyers. They send out a daily, weekly, or other periodic newsletter to their subscribed list offering domains for sale. The domains that’re offered have a buy it now price listed, but sometimes, the broker is seeking offers.
In some cases, most of the domain brokers represent domain owners on specific domains and then they privately reach out to potential buyers. Some buyers may be individuals that are known to actively acquire domains and others are large corporations that may have an interest in acquiring a specific domain.
Some domain brokers represent buyers of domain .com.vn. They are engaged to confidentially inquire to purchase a domain on behalf of a person or company. These buyers’ brokers are working on behalf of the buyer rather than on behalf of the seller, and they should work with the interests of their buyer in mind.
- Domain broker commission
Most domain brokers work for a commission. They will either be paid a percentage of total purchase prices. A lot of brokers will put a cap on the total commission potential, but most of them offer a set commission percentage for facilitating the deal. Domain broker commissions typically run anywhere from 10% to 20% of the sale price, though the actual total should be worked out at the time of engagement. The broker should be paid upon the completion of the deal.
Most of all domain brokers and companies require an exclusivity period for working on a domain sale. This prevents the domain owner from selling the domain while the broker is working on a sale at the same time. Besides, many brokers will ask a domain owner to pay a commission if a deal is closed between a domain owner and a prospect that was initially contacted by the broker. All of this should be covered in the Vietnam domain .vn brokerage agreement that should be signed at the beginning of the engagement.
- Transact on a broker deal
Though some domain brokers offer in-house escrow services, it is recommended to engage a licensed escrow service to transact. Using an escrow service will make sure that the transaction is completed in a timely manner and overseen by a 3rd-party who specializes in domain escrow services. When a deal is in the process of closing, the buyer/seller should discuss with the broker. Some buyers and sellers prefer to keep their deals private and a non-disclosure agreement should be added to the domain sales contract. The broker should be able to supply a non-disclosure agreement and the counter-party needs to be in agreement with this to execute it.