Do boat brokers make good money?

Do boat brokers make good money?

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 do I get a Florida boat brokers 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.

How does a boat broker make money?

Typically, a yacht broker can make 10% commission on every sale made. Yacht brokers are usually paid a commission price paid by the seller once the boat has been sold, meaning that their salary is tied into whether or not they sell the boat and how much they sell it for.

How does a boat broker work?

The yacht broker is paid an agreed commission by the seller to market the yacht for sale, field interest and inquiries from buyers, handle negotiations, attend inspection and water trial and ultimately, if successful, to attend delivery.

Do you need a license to be a yacht broker 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.

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.

How do I become a yacht agent?

How to become a yacht broker

1. Take college or university classes. Although some brokerages may not require a bachelor’s degree in sales or a related field, consider taking postsecondary courses in sales and marketing to prepare you for this role.
2. Seek professional experience.
3. Obtain the necessary licenses.
4. Get certified.

How to find a good boat broker?

– enjoys his job, – offers thorough explanations, – is prompt and responsive, and – likes dealing with the clients.

How do you get Florida brokers license?

Florida Real Estate Broker License Requirements: In the State of Florida, getting a real estate broker’s license requires obtaining 2 years of experience as a licensed sales associate. Beyond experience, you must complete a 72-hour Florida Real Estate Broker Pre-license course and pass the state licensing exam.

Do yacht broker need brokers license?

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.

How to obtain a surplus line broker license?

Hold an active producer license with the property and casualty lines of authority.