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How to Deal with a Domain Name Broker

Posted on 2009-05-14
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Last Modified: 2013-11-18
I have a client who wants to buy a currently owned domain name.  In making contact via the WhoIs info, I got a response from an outfit called DomainBrokers.com stating they are the exclusive agent for the owner of the domain name and that all bids for the domain name must go through them.  

As another data point, the website of the domain is a single page with a bunch of links to other websites in the same general business (real estate).  It has no contact info and no real description of its business.

(1) In general is this brokerage thing a typical arrangement and in particular is DomainBrokers.com a legit outfit?
(2) Is it possible this site is largely fake, existing to increase the apparent value of its domain name to potential buyers?

Thanks,
Wyatt

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Question by:WyattRidesAgain
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Expert Comment

by:dhobale
ID: 24391875
Hi there,
You can buy domains without going through the broker. This involves trust between buyer and seller as there is no process to trigger transfer upon receiving payment.

A broker however collects money from buyer, issues transfer validation code to buyer and issues payment to seller upon confirmation from buyer.

So going through broker is more reliable than buying domain transfer directly from owner. You can find cheap brokers online who take less than $10 commission. So if you could contact a seller and opt to go through mutually agreed broker, the process can be quick and reliable.
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Author Comment

by:WyattRidesAgain
ID: 24395233
dhobale,

Thanks.  Regarding my question (2) do you know if fake sites are created or auto-generated somehow to give the appearance of the domain having some value?  I ask because the site is strange without a single bit of contact info or "real" content.  It's just a bunch of links to other sites.

Wyatt
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Accepted Solution

by:
dhobale earned 2000 total points
ID: 24395493
Hi Wyatt,
People usually host a resell domain on a temporary server and put some links or some ads to generate revenue while the domain is up for sale. And if you are checking WHOIS to get the contact info of the owner, remember...WHOIS information can be incorrect, hidden or misleading as there is no way to verify what the owner puts there.

So if the host server is claiming they have the domain name, and if its hosted on their server, they probably have it. You can use free tools to check the ip address of a domain:

http://www.selfseo.com/find_ip_address_of_a_website.php

http://tools.web-max.ca/findwebsitesip.php

This will give you ip address of the domain u r looking for. Now check that with the hosting server. There should be atleast some similarity in the host and your domain ip.
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Author Closing Comment

by:WyattRidesAgain
ID: 31581465
Thanks for the good input!
Wyatt
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