Quick Answer: What does it take to be a yacht broker?

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 being a yacht broker hard?

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.

What does a yacht broker 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. … These two roles are referred to as listing broker (representing the seller and vessel) and selling broker (representing buyer).

Does a yacht broker need a 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.

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Where do yacht brokers make the most money?

What are Top 10 Highest Paying Cities for Yacht Broker Jobs

City Annual Salary Hourly Wage
Norwalk, CT $80,680 $38.79
Seattle, WA $80,421 $38.66
Vallejo, CA $80,402 $38.65
Concord, CA $80,231 $38.57

How much do boat brokers charge?

What do yacht brokers charge? Most yacht brokers tend to work on a commission basis, though every broker is different. The industry standard is around the 10% mark, which is paid by the seller. When dealing with larger vessels, such as superyachts, this figure is likely to change.

How do I become a yacht broker with no experience?

There are no formal educational qualifications to become a yacht broker. Instead, you must be knowledgeable about the yachting industry, and you must have excellent customer service skills. A bachelor’s degree in marketing and sales can be beneficial.

How do I become a yacht broker UK?

Qualifications. Although you don’t need a degree to become a yacht broker in the UK, it does help. Any diploma or bachelor’s degree that gives you experience with yachts or other boats will come in useful, as well as any degree or qualification in retail marketing and sales.

How much do Yacht 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 can I expect from a yacht broker?

This includes collating the documents for the actual closing of the sale, preparing technical specifications, to making sure the yacht has all of the appropriate certificates. They will also guide the yacht owner through aspects such as loan payoffs, corporate ownership, bills of sale, and similar documents.

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