Tag Archives: unregulated marine brokerage industry
‘Wild West’: Controversy dogs Nova Scotia’s marine brokerage industry
A fisherman from Shelburne County says he will fight a lawsuit from a marine broker seeking a $38,000 commission on the sale of a boat and lobster licence. Donnie Roy, a lobster fisherman who lives near Lockeport, N.S., paid a commission to brokers in the sale of his lobster licence and vessel, Justified Expense. Now another marine brokerage, Novi Marine Brokers of Yarmouth, is suing Roy, demanding $38,000 in commissions because Roy had also signed a listing agreement with the company. The dispute raises questions about the unregulated marine brokerage industry in this province, which is involved in the sale of fishing boats and licences in the tens of millions of dollars every year in Nova Scotia.>click to read<10:35
