Do yacht broker need brokers license?

2
Bryce Cruickshank asked a question: Do yacht broker need brokers license?
Asked By: Bryce Cruickshank
Date created: Fri, May 14, 2021 5:12 PM
Date updated: Tue, Jul 5, 2022 4:19 PM

Content

Top best answers to the question «Do yacht broker need brokers license»

  • Only a few states actually require new yacht brokers to have a license . States that do require one will need to see evidence of a background in sales, more specifically experience under another licensed broker.
  • Not all states require yacht brokers to obtain licenses, but the states that do may also ask for proof of sales experience, specifically while working under a licensed broker. Some states also require background checks.

FAQ

Those who are looking for an answer to the question «Do yacht broker need brokers license?» often ask the following questions:

⚓ Are there boat brokers or yacht brokers on linkedin?

  • When it comes to brokerage, there are 2 breeds: “the Boat Brokers” & “the Yacht Brokers”. If you go on LinkedIn right now and search for ‘Yacht Brokers’, you will find nearly 2500 results, but when you search for ‘Boat Brokers’, you will only find 160 results.

⚓ Are yacht brokers licensed?

Licenses. Not all states require yacht brokers to obtain licenses, but the states that do may also ask for proof of sales experience, specifically while working under a licensed broker… As part of the licensing process, yacht brokers may have to take out surety bonds to protect themselves and their clients financially.

⚓ Do i need a broker to buy a yacht?

In other words, it is well worth getting a broker to help you with the purchase of your yacht, especially if this is your first time buying a vessel. If you are looking into buying a yacht, contact Atomic Tuna Yachts today and we'll help you find your dream boat.

⚓ Do you need a license to be a yacht broker?

  • Certification isn’t mandatory, but the Yacht Brokers Association of America (YBAA) recommends that sales reps get certified. Not all states require yacht brokers to obtain licenses, but the states that do may also ask for proof of sales experience, specifically while working under a licensed broker. Some states also require background checks.

⚓ Do you need a yacht broker to sell a yacht?

  • (Helpful Examples) Yacht brokers can be a great help when you are looking to buy or sell a yacht. It’s always nice to know exactly how much they typically make from the sale. This way you can (often) negotiate a better deal and make sure you are not being ripped off!

⚓ How do i apply for a yacht and ship broker license?

  • To apply for a yacht and ship broker or salesperson license, you must complete an application on DBPR FORM YS 6000-1, and submit it along with the $551 fee, a complete set of fingerprints, and an original surety bond or letter of credit in the amount of $10,000 for a salesperson or $25,000 for a broker. Was this answer helpful?

⚓ How do i get a yacht and ship broker license in florida?

  • To apply for a yacht and ship broker or salesperson license, you must file with the Division of Florida Condominiums, Timeshares, and Mobile Homes: a completed application (DBPR Form YS 6000-1) a $551 fee.

⚓ How do i get a yacht brokers license in california?

  1. Be at least 18 years of age.
  2. Have an established place of business located in California (post office box, mail drop or telephone answering service is not a "Place of Business").
  3. Employed as a licensed California Yacht Broker or Salesperson for at least one year in the past five years.

⚓ How to get a yacht brokers license in florida?

  • Unfortunately, Florida requires that all salesmen be licensed and work for a licensed broker. However, you can’t get a Florida Yacht Broker License unless you’ve been a yacht salesmen for two consecutive years. So, you’ll need to first become a salesperson if you wish to open your own brokerage.

Your Answer

We've handpicked 6 related questions for you, similar to «Do yacht broker need brokers license?» so you can surely find the answer!

How to get a yacht brokers license?

Do yacht broker need brokers license?

  • Only a few states actually require new yacht brokers to have a license . States that do require one will need to see evidence of a background in sales, more specifically experience under another licensed broker.
How to get your yacht brokers license?

What do yacht brokers do?

  • A yacht broker is a specialist who serves yacht or boat sellers and/or buyers as a representative for the sale or purchase of a yacht or boat.
What do yacht brokers make?

Overall, with salary and commissions, as a yacht broker, you could make an average of $121,000 per year. This depends highly on location and type of yachts sold. Some yacht brokers even make closer to $300,000.00 per year. Yacht brokers should be sales motivated and thrive in an unconditional work environment.

What do you need to know about yacht brokers?
  • Whether the client is purchasing a boat or selling one, the yacht broker will first need to view the vessel. This is in order to get a good idea of the condition of the yacht. He or she will need to appraise the condition of the boat. Another responsibility is to talk to the crew about the maintenance schedule.
What skills do you need to become a yacht broker?
  • Just as critical, brokers require knowledge about the legalities of buying, selling and owning yachts, including state and federal laws. The Bureau of Labor Statistics says brokers usually require a bachelor’s degree to find employment, although some get by without formal degrees.
Why yacht brokers?
  • A yacht broker helps to make sure that everything goes smoothly behind the scenes of buying and selling a yacht. They do a lot to help to make sure the stress of buying or selling a yacht is less stressful and can help to speed the process up.