how to become a yacht broker in florida

How To Get a Yacht Broker License in Florida? Here’s What You Need To Know

Have you ever dreamed of being a yacht broker in the beautiful state of Florida? If so, you may be wondering what it takes to get a yacht broker license in the Sunshine State.

In this article, we’ll be looking at the requirements, exams, and application process for getting a yacht broker license in Florida, as well as the benefits that come with it.

Read on to learn more about how to get a yacht broker license in Florida!.

Table of Contents

Short Answer

In order to get a yacht broker license in Florida, you will need to meet the requirements set by the Florida Department of Business and Professional Regulation.

This includes having a high school diploma, completing a 40-hour course from an approved provider, and successfully passing a broker or salesperson licensing exam.

You will also need to provide documentation of your work experience in the yacht brokerage industry and complete a background check with the Florida Department of Law Enforcement.

Once you have met all of these requirements, you can apply for your license with the Florida Department of Business and Professional Regulation.

What Is a Yacht Broker License?

A yacht broker license is a credential issued by the Florida Real Estate Commission (FREC) that allows a person to legally engage in the practice of selling, leasing, and managing boats and yachts in the state of Florida.

With a yacht broker license, individuals are able to help buyers and sellers navigate the process of buying and selling vessels in the state.

To obtain a yacht broker license, applicants must meet certain educational, experience, and testing requirements.

It is important to note that yacht broker licenses are specific to the state of Florida and will not be recognized in other states.

Education Requirements

Getting a yacht broker license in Florida requires a combination of education and experience, as well as certification.

To become a licensed yacht broker in the Sunshine State, you must first complete a 60-hour course approved by the Florida Real Estate Commission (FREC).

This course covers topics such as boat types, financing, and sales techniques.

So, if youre looking to become a yacht broker in Florida, it is important to invest in a quality education that will give you the knowledge and skills necessary to succeed in this role.

The FREC-approved course will cover a variety of topics, including contract law, boat types, boat financing, boat sales, boat repair, boat maintenance, and more.

You will also learn about the legal and regulatory aspects of becoming a yacht broker in Florida.

This course is essential for those looking to become a yacht broker in the Sunshine State, as it will provide you with the necessary knowledge to understand and navigate the legal and regulatory aspects of the industry.

In addition to the educational requirements, applicants must also have two years of documented experience in the industry.

This could include working at a boat dealership or marina, or any other type of related experience.

This experience is necessary to demonstrate that you have a good understanding of the industry, and are prepared to take on the role of a yacht broker in Florida.

Finally, applicants must also pass the FREC yacht broker exam.

This exam will test your knowledge of the legal and regulatory aspects of being a yacht broker in Florida.

Once you have passed the exam, you will be eligible to submit your application to the FREC and receive your license.

With a yacht broker license in Florida, you can help buyers and sellers navigate the process of buying and selling vessels in the Sunshine State.

So, if youre looking to become a yacht broker in Florida, make sure to invest in quality education and experience, and pass the FREC exam, to ensure that youre well-prepared for the role.

Experience Requirements

Becoming a licensed yacht broker in Florida is no small feat; it requires a combination of education, experience, and certification.

In addition to taking the required 60-hour course approved by the Florida Real Estate Commission (FREC), applicants must also have two years of documented experience in the industry.

This experience could include working at a boat dealership, marina, or yacht club or in any other capacity related to the sale of vessels.

This experience requirement is designed to ensure that applicants are well-versed in the industry, familiar with the types of boats available for sale, and knowledgeable about the sales process.

During the two years of experience, applicants should have acquired knowledge of boat types, financing, and sales techniques.

This experience should also provide applicants with insight into the legal aspects of the industry, such as contracts, liens, and title transfers.

For those who do not have two years of experience, it is possible to substitute up to one year of the required experience with a college degree in marine-related studies.

This could include a degree in marine engineering, marine technology, or a similar program.

Additionally, some schools offer courses in the yacht brokerage field, which can also be used to satisfy the experience requirements.

It is also important to note that the experience requirement must be documented.

This means that applicants must have proof of their experience in the form of letters from employers or other documentation that can be provided to the FREC.

This is necessary to ensure that applicants are truly knowledgeable and experienced in the field.

Certification Requirements

In order to become a licensed yacht broker in Florida, you must fulfill a set of certification requirements.

First and foremost, you must complete a 60-hour course approved by the Florida Real Estate Commission (FREC).

Additionally, applicants must possess two years of documented experience in the industry, such as working at a boat dealership or marina.

Finally, applicants must pass the FREC yacht broker exam.

Only once all of these requirements are met can applicants submit their application to the FREC and receive their license.

The FREC yacht broker exam is a two-hour test that covers a range of topics related to the sale of boats and yachts in Florida.

These topics include familiarization with vessels and hull types, knowledge of marine contracts and financing, and understanding of the regulatory environment that governs yacht sales.

The test also covers topics such as safety, marketing, and insurance.

The exam is administered in the form of a multiple-choice test and must be passed with a score of 70% or higher to be eligible for a license.

It is important to note that the FREC yacht broker exam is not the only certification requirement for becoming a yacht broker in Florida.

In addition to passing the exam, applicants must also demonstrate two years of documented experience in the industry.

This experience can take the form of working as a boat dealer, marina employee, or other related field.

All documents and certificates must be submitted to the FREC as part of the application process.

Once all of the certification requirements have been fulfilled, applicants can submit their documents to the FREC and receive their license.

With a yacht broker license, you can help buyers and sellers navigate the process of buying and selling vessels in Florida.

Licenses must be renewed every two years and continuing education is required to maintain the license.

Exam Requirements

In order to obtain a yacht broker license in Florida, applicants must first pass the FREC yacht broker exam.

This exam covers a variety of topics related to the sale and purchase of boats, such as boat types, financing, and sales techniques.

The exam consists of 80 multiple-choice questions, and applicants must obtain a score of 75% or higher to pass.

In addition to the multiple-choice portion of the exam, applicants must also complete a written portion, which requires them to answer four essay questions.

The essay questions cover topics such as boat sales, contracts, and financing.

The essay portion of the exam is graded on a pass/fail basis, and applicants must receive a passing score in order to receive their license.

In order to prepare for the exam, applicants can take a pre-licensing course approved by the FREC.

This course covers all of the topics that will be covered on the exam, and can help applicants gain the knowledge and confidence they need to pass the exam.

Additionally, applicants can purchase study materials and practice exams to help them prepare for the exam.

Applicants must also pay a fee when registering for the exam, which covers the cost of the exam materials.

The fee for the exam varies depending on the type of license being applied for, so it is important to check with the FREC for the most up-to-date information.

Once applicants have passed the exam, they can then submit their application to the FREC and receive their license.

Application Process

Once you have met the educational, experience, and certification requirements to become a yacht broker in Florida, you can apply for your license.

The application process is straightforward and involves submitting an application to the Florida Real Estate Commission (FREC).

The application requires information such as your name, address, and contact information.

Additionally, you must provide proof of the 60-hour course and two years of experience, as well as the results of your yacht broker exam.

You may also need to submit other documents, such as a criminal background check and additional forms of identification.

Once your application and accompanying documentation have been accepted, the FREC will issue your license.

Its important to note that the application process may take several weeks to complete, so its best to plan ahead and give yourself plenty of time to ensure that you receive your license in a timely manner.

Furthermore, you should be aware that the FREC may deny your application if any of the requirements are not met or if there are any issues with the documentation you provide.

If this happens, you will need to address the issues and submit an updated application.

Once you have your yacht broker license in Florida, you can begin helping buyers and sellers navigate the process of buying and selling vessels in the Sunshine State.

Benefits of a Yacht Broker License

Having a yacht broker license in Florida comes with a number of benefits.

First and foremost, it allows you to legally operate as a yacht broker in the state of Florida, giving you access to potential business opportunities.

Additionally, having a license shows that you have the necessary knowledge and experience to effectively help buyers and sellers navigate the process of buying and selling vessels in Florida.

As a licensed yacht broker, you can also take advantage of exclusive professional networks and industry events, such as Florida Yacht Broker Association meetings and conferences, which can provide you with valuable connections and information.

Furthermore, having a license can help you build credibility with potential customers and create trust, as it demonstrates your commitment to excellence in the industry.

Finally, having a yacht broker license can help you stay up-to-date on new laws and regulations, which is essential for staying ahead in the competitive world of yacht brokering.

Final Thoughts

With the right education, experience, and certification, you can become a yacht broker in Florida and help buyers and sellers navigate the complexities of buying and selling vessels in the Sunshine State.

If you’re interested in becoming a yacht broker in Florida, now is the time to get started.

Get informed on the requirements, take the 60-hour FREC course, gain the necessary experience, and take the FREC yacht broker exam.

Once you’ve met all the requirements, you can submit your application to the FREC and receive your license.

With a yacht broker license in hand, you will be well on your way to a successful career in the industry.

James Frami

At the age of 15, he and four other friends from his neighborhood constructed their first boat. He has been sailing for almost 30 years and has a wealth of knowledge that he wants to share with others.

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Florida Yacht Broker License

Did you know that you need a license to sell boats of 32 feet in Florida? That’s because it’s considered a yacht by state statute. Learn more about the Florida Yacht Broker License by reading the information below.

Who needs a Florida Yacht Broker License?

Florida defines a “Yacht” as any vessel in the water exceeding 32 feet. Additionally, this includes vessels powered by wind and/or motors. The previous definition comes with a few exceptions, however. These exceptions are selling your own yacht, attorneys, new yacht sales, receivers, and foreclosures.

Do I need a Yacht Broker License or a Florida Yacht Salesmen License?

Ah, which comes first? The chicken or the egg? 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.

How much does each license cost?

We mentioned above that there are two license types. However, both licenses cost the same. That’s right. The cost for a yacht salesmen license is the same as the yacht broker license. Each of these licenses will cost you $551. Additionally, you can add another brokerage location for $100.

What else do I need for my Yacht Broker and Salesmen license?

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. You can find the price of your bond by applying here .

Do you need help applying for your license?

If so, you’ve come to the right place. We can help you apply for your license with the DFCTMH . Yacht broker licenses fall under their supervision. In most cases, we can help you apply for and obtain your license faster and easier than going it alone. In fact, many of our clients have already started the process when they come to us for help. Learn more about what we do or apply online today!

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How does Florida regulate and authorize licenses?   

Under the Florida Statutes, a “license” to regulate professions and occupations means any permit, registration, certificate, or license issued by the Department of Business and Professional Regulation (the “DBPR”). An occupational license is a privilege accorded by the state or its subdivisions to conduct a business at a particular location and is not a property right protected by substantive due process; the denial of such license does not prevent the business owner from pursuing a lawful occupation but merely stops the business from operating at a particular location. Ammons v. Okeechobee County , 710 So. 2d 641 (Fla. 4th DCA 1998).   

On July 1, 2021, the Florida Legislature passed Section 163.211 into law, which prevents any county, municipality, or other political subdivision of Florida from implementing additional licensing requirements for most occupations. Therefore, a prospective applicant only needs to satisfy state statutory requirements.  

Need help receiving, renewing, or defending your license? Schedule your consultation today with a top administrative law and licensing attorney .   

How does the licensing process work in Florida?  

A prospective licensee must apply through the DBPR, which must review the application and have the discretion to reject or accept applications for new licenses and license renewals as long as the discretionary review is reasonable. See KJS v. Department of Children and Family Services , 974 So. 2d 1106 (Fla. 1st DCA 2007).   

On the other hand, licensees seeking renewal must file for renewal before their license expires, or they will not be allowed to engage in their occupation until the DBPR grants a separate, new license. See Legal Environmental Assistance Foundation, Inc. v. Board of County Com’rs of Brevard County , Fla., 61 F.3d 25 (11th Cir. 1995).   

When the DBPR receives a license application, the agency has 90 days to examine the application, timely notify the applicant of any errors or omissions, request additional information, and, ultimately, issue a notice of intent to either grant or deny the license. The DBPR may not deny renewal without a full, open, and fair hearing for license renewals. See Wilson v. Pest Control Commission of Fla. , 199 So. 2d 777 (Fla. 4th DCA 1967).   

Which laws and regulations apply to yacht and ship broker licenses in Florida?  

The Florida entity that regulates yacht and ship licenses is the  Florida Department of Business and Professional Regulation (DBPR) . Specifically, the DBPR’s Division of Florida Condominiums, Timeshares, and Mobile Homes oversees yacht and ship brokers and salespersons licensing.  

Federal and state laws regulate yacht and ship licenses, with federal laws such as the  Jones Act  governing matters like vessel documentation and maritime law.  

Under Florida law, yacht and ship licenses fall under  Chapter 326, Florida Statutes  (Yacht and Ship Brokers). Furthermore, the  Florida Administrative Code (FAC)  sets additional rules and regulations for yacht and ship licenses.   

What are the application and retention requirements for yacht and ship broker licenses in Florida? 

Application Requirements:

Applicants for yacht and ship licenses in Florida must meet specific criteria. First, individuals must be at least 18 years old and of good moral character. Second, they must complete a pre-licensure course approved by the DBPR. Third, applicants must pass a written examination administered by the DBPR. Fourth, they must submit a surety bond or letter of credit for $25,000. Finally, applicants must pay an application fee and complete a licensing application form.  

Retention Requirements:

To maintain their yacht and ship license, licensees must adhere to specific requirements. They must renew their licenses every two years, pay the applicable renewal fee, and complete at least eight hours of continuing education every two years.   

Additionally, licensees must maintain their surety bond or letter of credit and adhere to the regulations outlined in Chapter 326, Florida Statutes, and the Florida Administrative Code. Failure to comply with these requirements may result in disciplinary actions, including fines, suspension, or license revocation.  

To determine whether you meet the yacht and ship broker license requirements, please contact our office to set up your initial consultation.  

Can the DBPR’s license decision be appealed?  

Yes, an adverse license decision made by the DBPR is appealable. The authority for appealing such decisions comes from the Florida Administrative Procedure Act (APA) , Chapter 120 of the Florida Statutes. Specifically, the right to appeal derives from Florida Statutes §120.569 and §120.57 . The APA establishes the framework for challenging agency actions, such as licensing decisions, through administrative hearings and judicial review.   

If an applicant or licensee receives an adverse decision from the DBPR, they may request an administrative hearing to challenge it. The request for a hearing must be submitted within the timeframe specified in the agency’s notice, which is generally 15 days from the date of the notice, as provided in Section 120.569(2)(a), Florida Statutes .  

The administrative hearing process commences with submitting a petition for a hearing to the agency. The petition must comply with the requirements outlined in Rule 28-106.201, Florida Administrative Code . If the petitioner qualifies for an administrative hearing, the case is referred to the Division of Administrative Hearings (DOAH) and assigned to an administrative law judge (ALJ).  

The ALJ conducts the hearing, like a trial, with both parties presenting evidence and testimony. After the hearing, the ALJ issues a recommended order, which includes findings of fact, conclusions of law, and a recommendation for a final decision. The DBPR then reviews the recommended order and issues a final order, either adopting, modifying, or rejecting the ALJ’s recommendations.  

Suppose the petitioner is unsatisfied with the DBPR’s final order. In that case, they can seek judicial review by filing a notice of appeal with the appropriate District Court of Appeal, as provided in Section 120.68, Florida Statutes . The court reviews the case to determine if the agency’s decision follows from competent, substantial evidence and complies with the law.  

Have more questions about a professional licensing-related situation?  

Crucially, this overview of yacht and ship licenses does not begin to cover all the laws implicated by this issue or the factors that may compel the application of such laws. Every case is unique, and the laws can produce different outcomes depending on the individual circumstances.  

Jimerson Birr attorneys guide our clients to help make informed decisions while ensuring their rights are respected and protected. Our lawyers are highly trained and experienced in the nuances of the law, so they can accurately interpret statutes and case law and holistically prepare individuals or companies for their legal endeavors. Through this intense personal investment and advocacy, our lawyers will help resolve the issue’s complicated legal problems efficiently and effectively.  

Having a Jimerson Birr attorney on your side means securing a team of seasoned, multi-dimensional, cross-functional legal professionals. Whether it is a transaction, an operational issue, a regulatory challenge, or a contested legal predicament that may require court intervention, we remain a tireless advocate every step of the way. Being a value-added law firm means putting the client at the forefront of everything we do. We use our experience to help our clients navigate even the most complex problems and come out the other side triumphant.  

If you want to understand your case, the merits of your claim or defense, potential monetary awards, or the amount of exposure you face, you should speak with a qualified Jimerson Birr lawyer. Our experienced team of attorneys is here to help. Call Jimerson Birr at (904) 389-0050 or use the contact form to set up a consultation .  

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Yacht and Ships – FAQs

Frequently asked questions and answers - yacht and ships.

FAQ’s and answers are provided to the public for quick reference to commonly asked questions. They are not to be considered legal advice. If you are conducting legal research or your question arises as a result of litigation, you should consult with an attorney or refer to the latest edition of the Florida Statutes.

What chapter of law governs the licensing and regulation of yacht and ship brokers and salespersons in the state of Florida?

Chapter 326, Florida Statutes, the Yacht and Ship Brokers’ Act

What is a yacht?

A yacht is a vessel that exceeds 32 feet in length, weighs less than 300 gross tons, and is propelled by sail or machinery in the water.

Cite: Section 326.002(4), Florida Statutes, and Rules 61B-60.001(1)(c) & (d), Florida Administrative Code

What is a new yacht?

A new yacht is a yacht that has never been titled or previously owned.

What is the difference between a Florida licensed yacht and ship broker and a Florida licensed yacht salesperson?

A Florida licensed yacht and ship broker is a person who has been licensed by the Division of Florida Condominiums, Timeshares, and Mobile Homes (Division), and who, for or in expectation of compensation: sells, buys, offers, or negotiates to sell or buy; solicits or obtains listings of; or negotiates the purchase, sale, or exchange of yachts for other persons.  An applicant for a broker’s license must file with the Division a surety bond or letter of credit in the sum of $25,000.  Additionally, a broker must maintain an escrow account in a Florida financial institution.  A Florida licensed yacht salesperson is a person who has been licensed by the Division, and who is employed by a broker to perform any acts of a broker.   Each salesperson’s license must remain in the possession of the employing broker until canceled or until the salesperson leaves such employment.  Immediately upon a salesperson’s withdrawal from the employment of a broker, the broker must return the salesperson’s license to the Division for cancellation.  An applicant for a salesperson’s license must file a surety bond or letter of credit in the sum of $10,000 with the Division.

Cite: Sections 326.002(1) & (3) and 326.004, Florida Statutes, and Rule 61B-60.004, Florida Administrative Code

What is an "employing" yacht broker ?

An employing broker is a Florida licensed yacht and ship broker who is responsible for the actions of all yacht salespersons under their license.   Each salesperson’s license must remain in the possession of the employing broker until canceled or until the salesperson leaves such employment.  Immediately upon a salesperson’s withdrawal from the employment of a broker, the broker must return the salesperson’s license to the Division for cancellation.

Cite: Section 326.004(14)(b), Florida Statutes

What is a foreign or out-of-state yacht and ship broker or salesperson ?

A foreign or out-of-state yacht and ship broker or salesperson is a yacht and ship broker or salesperson who primarily conducts business outside of Florida or outside of the United States, and does not have a Florida yacht and ship broker license or a Florida yacht salesperson license.  Foreign or out-of-state brokers may conduct business with Florida licensed brokers, as long as they do not physically enter the state of Florida to act as brokers or salespersons.

Cite: Rule 61B-60.001(1)(j), Florida Administrative Code

How do I obtain a license to become a yacht broker or salesperson 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 complete set of fingerprints
• an original surety bond or letter of credit in the amount of $10,000 for a salesperson’s license or $25,000 for a broker’s license.

Department of Business and Professional Regulation

Attn:  FCTMH’s Yacht and Ship Brokers’ Section

2601 Blair Stone Road

Tallahassee, Florida 32399-1030

Contact us at 850.487.2987 if you have any questions.

Cite: Rule 61B-60.003, Florida Administrative Code

How long does it take the Division’s Yacht and Ship Brokers’ Section to process an application for a license to act as a yacht and ship broker or salesperson ?

An application packet is processed within a few days of receipt by the Division’s Yacht and Ship Brokers’ Section. A temporary 90-day license is issued if the application packet includes a completed application with required signatures, a $551 fee, a complete set of fingerprints, and an original surety bond or letter of credit. A permanent 2-year license is issued once the results of the background check are reviewed and found acceptable.

What steps need to be taken in order to change brokerage companies or make other changes to a yacht and ship broker or salesperson license ?

To update any information on your license, you must submit a Change Form along with your license to the Division’s Yacht and Ship Brokers’ Section. If you are changing brokerage affiliations or becoming an employing broker of your own brokerage, a $100 change fee must be remitted along with the Change Form. No fee is required for a name or address change, or if it is within 60 days of the expiration date of the license. The Division will reissue the license reflecting the changes indicated; any such reissuance will not result in an extension of the expiration date of the license. Note: Licensees must, not later than 30 days after a change of business address or affiliation, submit the updated information to the Division.

Cite:  Rule 61B-60.002, Florida Administrative Code

How do I find out if a yacht broker or salesperson is licensed by the state of Florida ?

You may verify a yacht broker’s or salesperson’s license by visiting www.MyFloridaLicense.com , or by contacting the Yacht and Ship Brokers’ Section at 850.487.2987.

When is a yacht and ship broker’s or salesperson’s license not required for a yacht transaction in Florida ?

A license is not required for a person who sells his or her own yacht; a transaction involving the sale of a new yacht; an attorney at law for services rendered in his or her professional capacity; a receiver, trustee, or other person acting under a court order; or, a transaction involving the foreclosure of a security interest in a yacht.

Cite: Section 326.004(3), Florida Statutes

How do I file a complaint against a yacht broker or salesperson ?

You may file a written complaint with the Division’s Yacht and Ship Brokers’ Section. To request a complaint form , you may call 850.487.2987, or download a printable copy from this page.  Please complete the form, listing all of your allegations, and include any documentation or backup information that you may have.

1. Mail your complaint to: Department of Business and Professional Regulation Attn:  FCTMH’s Yacht and Ship Brokers’ Section 2601 Blair Stone Road Tallahassee, Florida 32399-1030

2. Or, e-mail your complaint to the Customer Contact Center at https://www2.myfloridalicense.com/contactus/ .

3. Or, fax your complaint to 850.488.7149.

What types of activity are considered violations of the Yacht and Ship Brokers’ Act ?

Activities such as fraud or dishonest acts; misrepresentation; improper conduct; unlicensed activity; escrow violations, such as commingling of funds or failure to return deposits, are violations of the Yacht and Ship Brokers’ Act.  (Refer to Chapter 326, Florida Statutes, for a complete list of violations.)  The Division has authority to impose civil penalties up to $10,000 per violation, suspend or revoke licenses, take other administrative action, or bring an action in circuit court.

While the Division’s Yacht and Ship Brokers’ Section will accept anonymous complaints and tips from the public, supporting documentation should be submitted in order to assist in substantiating alleged violations of the Yacht and Ship Brokers’ Act.

Cites: Section 326.006,Florida Statutes, and Rule 61B-60.008, Florida Administrative Code

What protection can I expect from doing business with a licensed Florida yacht broker or salesperson ?

The Yacht and Ship Brokers’ Act requires all funds received pursuant to a sale, exchange, or purchase of a yacht to be placed in an escrow trust account.  Additionally, all licensed Florida yacht brokers and salespersons undergo a criminal background check, and are required to file with the Division a surety bond or letter of credit that covers their licensure period. Any person injured as a result of a licensee’s violation of the Yacht and Ship Brokers’ Act may file a claim against the licensee’s surety bond or letter of credit.

Cites: Sections 326.004(7) & (11) and 326.005, Florida Statutes, and Rules 61B-60.004 and 61B-60.006, Florida Administrative Code

How do I renew my Florida yacht broker or salesperson license ?

You may complete the renewal application online at https://www.myfloridalicense.com/ or mail in your renewal application to:

Department of Business and Professional Regulation Attn:  FCTMH’s Yacht and Ship Brokers’ Section 2601 Blair Stone Road Tallahassee, Florida 32399-1030

At least 60 days prior to your license expiration date, the Division of Florida Condominiums, Timeshares, and Mobile Homes will mail to you a DBPR Form YS 6000-6 (Application for Yacht and Ship License Renewal/Branch Office Renewal).  Your application for license renewal must include the $500 renewal fee and the surety bond or letter of credit, or proper continuation certificate.

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Yacht Sales Professionals (brokers, dealers, salespeople) have a benchmark for measuring their skills, abilities and performance, while, at the same time, enhancing their marketing value. Boat sellers and buyers are in a better position to select qualified, competent sales professionals with confidence and trust.

If you want to set yourself apart, the certified professional yacht broker (cpyb) program is for you., apply today, six reasons to become a certified professional yacht broker:, • distinguishes you among your peers, • indicates that your level of knowledge and its application has been tested, measured and verified to the highest business standards and protocols, • signals to your peers and clients that you follow a strict code of ethics and standard business practices, • demonstrates your commitment to staying current with industry trends and changes through continuing education, • establishes your commitment to advancing excellence in the industry, • enhances your earning potential by allowing you to stand out in the eyes of the boating public, consumers recognize the value of credentialing. in a crowded field, they view professional certification as a way to identify those individuals who will conduct business in an ethical manner and act in their best interest., for more information, go to www.cpyb.net or contact us at [email protected].

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Do you need a license to be a boat broker in Florida?

You’ll need a yacht broker license or yacht salesperson license issued by the state of Florida, which you can apply for using state form BPR 6000-2. Note that yacht brokers must have at least two years of licensure as a Florida yacht salesperson working for a licensed broker.

How do you become a boat broker?

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.

How much do boat brokers make in Florida?

How much does a Yacht Broker 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.

What states require a yacht broker license?

California and Florida are both the only states in America that require yacht brokers to be licensed, although the legal definition of a yacht varies between these states. To achieve licensing, you will need to hold any additional licenses required and pay a $10,000 bond to the state.

Is it hard to become a yacht broker?

It’s fairly easy to become a yacht broker or a yacht salesperson. These terms often get lumped together as the same, however a broker owns the company where the salesperson “hangs” their license under. Only two states in the United States required a license to sell yachts and boats.

How do I start selling a yacht?

A bachelor’s degree in marketing and sales can be beneficial. You can pursue certification through the Yacht Brokers Association of America, and some states require yacht brokers to obtain a license. Employers prefer candidates with prior sales experience and a background in the boating industry.

What percentage does a boat broker make?

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.

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 much do boat salesman make in Florida?

How much does a Boat Salesman make in Florida? The average Boat Salesman salary in Florida is $41,670 as of September 27, 2021, but the range typically falls between $40,362 and $49,516.

What is the commission for a boat broker?

10% Yacht Broker Commission: What Is the Commission for Selling a Boat? For their dedication, yacht brokers receive a commission after the yacht sale is completed, which is typically 10%. The distribution of commission between the yacht buyer representative and yacht owner representative is usually 60/40.

What is a yacht broker salary?

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.

How to get a yacht broker license in Florida?

Who is required to register as a boat dealer in Florida?

What do you need to know about being a yacht broker?

Can a boat be imported for sale in Florida?

Jordan Yacht Brokerage

We Never Underestimate Your Dreams

Yacht broker license florida.

Florida is one of only 2 states (California) whose yacht brokers are licensed and bonded. All brokers at Jordan Yachts must be and are proud to do so. We take pride in our fiduciary responsibilities. To become a Florida yacht broker, you must go through a somewhat tricky process. Before you start, you need to have a job offer from a licensed and bonded Florida yacht brokerage. All brokerages including Jordan Yachts are always looking for talented and experienced salesman. Come around to us, and we’d be happy to talk with you. Check with the Florida Yacht Brokers Association for licensed brokerages.

Now if you have a job offer, the first step is to order material from the Florida Department of Business and Professional Regulation: Division of Florida Condominiums, Timeshares, and Mobile Homes. Call them at 850 488 1122 and order the free packet of materials which include a law book, application, and fingerprint card. The packet will take a few days to come. You could also instead print the online application and just ask to order fingerprint cards.

While you are waiting for the packet or fingerprint card, the second step is to get bonded. You must apply to an insurance company which will cover you. A bond insures clients that if you fail your fiduciary responsibilities they will be reimbursed. You must qualify for a bond of $10,000 to become a yacht broker. If you have healthy credit, you should not have a problem. Sihle group is a common insurer. Their bond fee is $90. You must renew every 2 years. The insurance process is quick and can be done in a day via fax or email.

Third, you should now have the application and fingerprint card. Go to a police station and get fingerprinted. You will pay around $10 to the police. The fingerprinting simply means a police station volunteer will ink your fingertips and smudge your prints on the card. The volunteer will ink every finger but especially your thumb. They do this to verify your identity and put you in the police records. Take a drivers license or passport with you. A local place in Ft. Lauderdale is the Wilton Manors police station . Check with the police station for dates and times.

Fourth, with your bond and fingerprint card, now fill out the application. You answer questions about your criminal history. You must have a clean record to be licensed or convince the state you have reformed. You also need your employing broker of record to sign on and sponsor your application. The broker is your employer, and his/her signature shows you are respectable in the industry.

Finally, send your bond, fingerprint card, and application in with a check for around $550. You will get a 90 day temporary in a month and later your permanent license. To be a Florida yacht broker, you must pay a total of $650 dollars, have a clean record, be employed with a brokerage, and have healthy credit. Jordan Yachts wishes you good luck and hopes to work with you.

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Yacht Brokerage

Who is this course suitable for, whether you’re already an experienced broker or you’re looking to make the transition to this vibrant industry in a junior capacity, the diploma in yacht brokerage is applicable to anyone working within a yacht or charter brokerage environment..

Modules: 12 in total

About the Course

Over the years this course has been updated to reflect all aspects of the constantly evolving yacht brokerage industry. Module subjects include essential matters such as registration, title rules and regulations, yacht brokers and the law, business management and valuation along with other challenging subjects such as insurance, finance, sea trials and chartering.

Course Structure

The course consists of 12 modules. All students are required to successfully complete and pass the module assignments. Diploma students will also be required to sit and pass a final examination.

1. An Introduction to the Yacht Brokerage Industry

• Yachting safety
• The purchase of a yacht
• The law and yachts
• Health and safety for the yacht broker
• Customer relations & common courtesy
• Brokerage companies and organisations
• The essential resources for a yacht broker

2. Types of Vessels & Technical Descriptions

• Basics of design
• Definitions of the principal dimension
• The shape of hulls
• Types of vessels
• Sailing boats
• Sails and rigging
• Motorsailers
• Inland waterways vessels
• Mechanical propulsion devices
• Materials & their construction
• Internal equipment
• Electronic & navigation equipment
• Technical standards
• Basic operational knowledge
• Weather and tides

3. Registration, Title Rules and Regulations

• The role and function of registration
• Registration and the certification of registry
• Admiralty law and jurisdiction
• International maritime law
• Documentation
• National and international standards
• The Royal Yachting Association Training & Qualifications

4. Boat Brokers and the Law

Legal concepts

• English Law and the National Legal System
• The law of contract
• The law of tort (negligence)
• Liability in contract and tort

Sale of goods

• UK legislation
• Trade descriptions

Business practice

• Value Added Tax (VAT)
• Recreational Craft Directive (RCD)
• Title & registration
• Marine insurance

5. Business Management

• Starting a boat brokerage business
• Chosen product
• Obtaining listings, photography, advertising and publicity
• Go and see the vessel and crawl over it yourself
• Responsibilities of the different brokerages (listings and selling)
• Getting the vessel on your books
• Marketing and selling
• The sale process
• Communications, ethics and client relations
• The five big thoughts

6. The Surveyor in Practice

• The surveyor
• Organising and completing the survey
• Types of surveyors
• What makes a good surveyor?
• Types of surveys
• The role of the surveyor and the sale process
• The broker/surveyor relationship

7. Sea Trials

• Sea trial and the broker
• The purpose of the sea trial
• Engine tests
• Steering tests
• Other system trials
• Information recording and reporting

8. Valuation

• Valuation methodology

9. Insurance

• The legal side of marine insurance
• The practical side of marine insurance
• The marine trades policy

10. Finance

• Sources of finance available to the broker and the decision criteria
• Title registration and the influence on options for finance
• Liens and encumbrances
• Corporate ownership and the rationale
• Financial Conduct Authority (FCA)
• Client funds, trust, deposits and escrow accounts
• Miscellaneous finance topics

11. Charter Yacht Brokerage

• Why get into the charter yacht industry
• Different types of charter
• Structure of the yachting industry
• Getting started
• Finding yachts for your clients
• Different types of charter yachts, toys, amenities and crew members
• International chartering areas and their respective seasons
• Itineraries
• Finding clients
• Sales training & closing the deal
• Financial transactions
• Preference sheets
• Clients & customer care
• Niche marketing
• Charter yacht booking

12. Yacht Sales

• Sales and brokerage
• Franchise / dealership
• Introduction to superyacht brokerage
• Role of the broker
• Campaign – be prepared
• Purchasers profile & preferences

Career Pathway

Career path: There is not one single defined career path. In larger yachts many professional yacht crew retrain as yacht brokers in order to be able to come ashore and yet remain in contact with the marine world.

Salary: Can be from a starting level of commission only up to huge sums (millions) for a successful few who sell superyachts. The average annual salary for a yacht and small craft broker in the United Kingdom is around £38,000.

Duties: Finding clients who wish for their yacht to be sold, checking all legal aspects of the right to sell the vessel, obtaining a detailed and accurate description of the vessel, and presenting it in the best possible manner (without misleading). Promoting the vessel to obtain interest and organising viewings. Acting as the intermediary between buyers and sellers and being the glue that holds a sale together through the difficult times.

Meet the Course Director

Toby maclaurin.

Director of Sales ,  Ocean Independence

Toby began his maritime career as a trainee shipwright with Coombes Boatyard in the UK restoring and maintaining mainly classic yachts. A chance meeting with a yacht broker led to a part-time brokerage role at Ancasta International Boat Sales while undertaking an HND in Maritime Leisure Management at the College of Maritime studies in Warsash. Full time employment with Ancasta followed along with senior sales, business development and marketing roles at yacht builder Premier Yachts and then for Opal Marine, before joining superyacht broker and yacht charter specialist Cavendish White in 2002.

Following the Ocean Independence acquisition of Cavendish White in 2008, Toby is now Director of Sales and Marketing in addition to being a Group Board Member and Shareholder of the leading superyacht group and primarily based at the Zürich office in Switzerland. The role as Director of Sales and Marketing is exceptionally varied and primarily involves Toby providing day to day business and troubleshooting support for the group’s 50+ sales and charter brokers across 13 international locations.

Toby has served on the council of ABYA (Association of British Yacht Agents) and was elected to the MYBA (The Worldwide Yachting Association) governing board in March 2008, he then completed 4 years as MYBA President followed by 4 years as Chairman of the association’s commercial company All Yachting SAS, that owns and operates Yachtfolio.com and the MYBA Charter Show.

He has spoken at a number of high profile events and meetings, including the Future of Superyachts Forum, The Superyacht Owners Summit, Rothschild Private Bank annual client meeting, Posidonia Sea Forum and a special meeting of EU tax officials.

As an enthusiastic yachtsman, he has sailed extensively in the Mediterranean and Caribbean, he also has also completed two Atlantic crossings in small sailing yachts.

DIPLOMA IN YACHT BROKERAGE

On passing the Diploma, you will receive the above icon. Please use it on your business cards, LinkedIn profile and website(s)!

You can also use these letters after your name: MTA Dip YB

While the nature of distance learning is independent study, we recognise the importance of support. Students can contact us at any time during their course for assistance and our team of industry experts are always on hand for advice.

We have over 50 industry experts writing, developing and advising on our course material. We truly believe that allowing students to tap into their expertise and knowledge is of the utmost importance to fulfil your dream career.

If you would prefer to complete this as a classroom-based course, please contact us.

How long do the courses take to complete? What's the difference between a Diploma and a Certificate? Read through our Frequently Asked Questions below to find out the answer.

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How To Become A Yacht Broker

Jul 19, 2016

Professional yacht brokering is an appealing career for many people who have a maritime background and live close to the water. How does one go about becoming a yacht broker? What steps should you take in order to successfully become a licensed broker? Let’s look at some fundamental requirements one must consider in the pursuit of becoming a broker.

It’s important to understand the industry of boating before diving into this career path. Being familiar with different boat brands is key; you wouldn’t start selling cars with any knowledge of car brands. This will serve as a base for understanding the prices, quality, performance, and manufacturing quality of individual yachts. Having this basic comprehension will pave the way for smooth sailing when dealing with experienced and amateur customers.

Certifications:

The Yacht Brokers Association of America strongly recommends that new brokers receive their CPYB (Certified Professional Yacht Broker). This certification is not mandatory for yacht brokering, but it puts potential customers in a more comfortable situation. To become eligible for certification, one must have at least three years in sales/yacht brokerage, a 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.

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. Another portion of states will require an administered background check in order to continue the licensing process. Next, yacht brokers may have to take out surety bonds in order to protect their clients and themselves in case of a financial emergency. After acquiring your license, it’s important to note that state rules and regulations state that you must renew your license pending a specific amount of time.

A bachelor’s degree is the standard to find employment in yacht brokering, although having a GED or no formal higher-level education could be sufficient depending on the situation. Ultimately, having a strong knowledge of boats and boating culture can take you far in this field, it is more than possible to become successful in yacht brokering without a college degree.

In the end, anyone can become a yacht broker. If you are motivated, like to make your own hours, and have a thorough knowledge of everything boating…you are on the right track. If you have any questions, or have any of your own tips for becoming a yacht broker, please leave a comment!

Interested in becoming a yacht broker? Join our team today! Contact us at [email protected] or call our office at 910-239-9344. Learn more here!

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What is a foreign or out-of-state yacht and ship broker or salesperson?

What is a foreign or out-of-state yacht and ship broker or salesperson?    

A foreign or out-of-state yacht and ship broker or salesperson is a yacht and ship broker or salesperson who primarily conducts business outside of Florida or outside of the United States, and does not have a Florida yacht and ship broker license or a Florida yacht salesperson license.  Foreign or out-of-state brokers may conduct business with Florida licensed brokers, as long as they do not physically enter the state of Florida to act as brokers or salespersons.

References:

Rule 61B-60.001(1)(j), Florida Administrative Code

Answers others found helpful

• How do I obtain a license to become a yacht and ship broker or salesperson in Florida?
• What chapter of law governs the licensing and regulation of yacht and ship brokers and salespersons in the state of Florida?
• How do I file a complaint against a yacht broker or salesperson?
• How do I renew my Florida yacht broker or salesperson license?
• What is a yacht “salesperson”?

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