What is the commission on yacht sales?
The majority of yacht transactions use a percentage commission structure. The percentage is often agreed upon between the seller and the broker in advance. The most common commission for a yacht broker is 10% of the sales price.
How does yacht brokerage 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 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.
Where do Yacht Brokers make the most money?
The average Yacht Broker in the US makes $18,755. The average bonus for a Yacht Broker is $1,189 which represents 6% of their salary, with 100% of people reporting that they receive a bonus each year. Yacht Brokers make the most in San Francisco at $22,606, averaging total compensation 21% greater than the US average.
How do you get into yacht sales?
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.
Do boat brokers split commission?
The listing broker will work with the other broker to help complete the transaction, and the two will split the commission. … A commission on a yacht is typically not more than 10 percent. Often that’s split 50/50, or sometimes it’s 60/40. The boat owner/seller always pays the brokerage commission.