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How To Apply To Sales Yacht Broker And Ship Licence? (Question)

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.

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 you get a yacht brokers license?

To become eligible for certification, one must have at least three years’ in sales/yacht brokerage, history of using and maintaining legal contracts, required licenses, and proof of appropriate trust accounts. The certification process concludes with an exam that determines if one is fit to become a certified broker.

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How do I become a yacht salesman?

The threat of expulsion provides added incentive for them to conduct themselves properly during the process. Search for the right yacht broker in our extensive directory.

How long does it take to get a yacht broker license?

The Yachts Brokers Association of America (YBAA) recommends the Certified Professional Yacht Broker (CPYB) certification. To become a yacht broker by achieving this certification, you will need three years of experience in yacht brokerage and sales.

Are yacht brokers licensed?

Yacht brokers are required to be licensed and bonded in only two states (Florida and California) to protect the public; however, the rules differ in each state on what qualifies as a “yacht”.

How much 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.

Is it hard to become a yacht broker?

For that reason, many people who love boats and know more than their fair share about them often entertain the idea of working in the marine business. Becoming a yacht broker is one prospect many find intriguing; here are some of the basic requirements.

What is the commission on boat sales?

Brokers take a commission off the top once the boat has been sold. The industry standard is 10 percent, although for large yachts – some say more than $1 million – the fee may be negotiable.

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Do boat salesmen make money?

The salaries of Boat Salesmen in the US range from $13,727 to $368,332, with a median salary of $66,226. The middle 57% of Boat Salesmen makes between $66,227 and $166,859, with the top 86% making $368,332.

How do I become a better yacht broker?

A great yacht broker should have their priorities straight. They should put what will really help their client, above their own needs. Passionate people have a genuine love for what they do. Yacht brokers are (or should be) very passionate about what they do and the industry they’re in.

What is the standard yacht broker commission?

A typical commission percentage that a yacht broker earns is around 10%, meaning that they will earn 10% of the price of the money the boat has sold for. However, some brokers can charge more or less depending on the size of the boat.

How much do boat brokers make in Florida?

While ZipRecruiter is seeing salaries as high as $132,637 and as low as $16,474, the majority of Yacht Broker salaries currently range between $30,413 (25th percentile) to $84,481 (75th percentile) with top earners (90th percentile) making $106,446 annually in Florida.

How do I become a yacht broker in Florida?

In addition to the state fee, you’ll need a few other items. For example: You’ll need to provide fingerprints, a completed application, and a surety bond. However, the surety bond amounts aren’t the same. The Florida Yacht Salesmen License requires a $10,000 bond while the Yacht Broker License requires a $25,000 bond.

How do I become a yacht broker in Canada?

All persons engaged in the business of full time yacht brokers are highly encouraged to qualify and join the BCYBA. The applicant will be sent study material for the BCYBA entry level exam, Broker 101. Applicants must successfully complete this exam within three months of applying for BCYBA membership.

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How do I find a yacht broker?

Look for brokers at your marina. Ask around for recommendations and keep track of who rely on the same brokers for more than a single transaction. It will indicate how good those yacht brokers are at their job. You could also ask for help in a yacht club near you or a professional organization.

How do I get a yacht brokers license in California?

Minimum Qualifications to Apply

  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.
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