Join Date: Jul 2009
Location: In a land far far away, or so I wish.
• Horses: 0
Too many variables to answer your questions with definite answers.
The way you worded your post it sounds to me like the horse is coming in for trial via your trainer.
In that case, it is most likely one trainer sending a horse to another trainer in hopes that the second trainer has a client the horse will work for.
In this case, the answer to your questions is no. No deposit, no prices set before hand (by you, I am sure your trainer has talked with the other trainer and they know what the horse owner wants), etc. It is the trainer network working.
If it is a horse that you found (even with your trainer) and you personally are taking it on trial then normally a price, pending trial and vet check, is agreed upon prior to the horse going out on trial. A deposit is given, a contract covering every little detail is written up and very frequently the person taking the horse on trail takes out insurance on the horse (with the seller as the beneficiary).