Namepros just closed a thread that had one of the more heated debates we have seen in a long time. The debate sparked over ethics, whether or not cutting a broker out of the deal, is unethical or smart business.
The thread starter (talhahassan) decided to call out Shane Bellone and use his name in the title of the thread. Shane responded and there were many on both sides.
The thread started with this:
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.
I think it’s totally unethical to bypass a broker . What are your thoughts on this?
Shane Bellone replied with:
Your lackadaisical approach to business is not my problem. You should have a exclusivity agreement with your client. We have no contractual obligations so I fail to understand how I am “being unethical.” My responsibility is to my client, not to you.
After that is was on with David Walker siding with Shane Bellone and Abdul Basit siding with the op.
Many more chimed in and some added some other wrinkles into the discussion. One member Imadoer said the following:
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.
So the back and forth went on for 6 pages and now the thread is closed.
No surprise the most liked post was the following:
One of the major points in the debate was whether or not exclusivity matters ? If someone does not have the exclusive should one work with that broker or go around them to save 20% ? Now there are other nuances such as Shane needed a seller that would finance, the broker admitted he missed that point.
It’s clear the community at Namepros is split on the issue. I don’t know why the thread got closed but it’s still there to read.
***Update*** Eric Lyon pmmed me that the thread was closed by mistake and is now reopened.