How much do boat brokers make in Florida?
The average salary for a yacht broker is $82,125 per year in Florida.
How much do marine brokers charge?
Boat Broker Brokerage Rates for the sale of yachts and boats and marine businesses. 1.5% for the next $1,000,000.00 and 1% thereafter, based on the contract price of the vessel”.
How do I choose a boat broker?
Look for boaters who have used a broker a couple of times and still have good things to say about him or her. That’s a pretty good recommendation. Talk to marine repair shops, boatyards or other locals in the industry. Or go to one of the brokers’ professional organizations.
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 much does a yacht salesman make in Florida?
Yacht Broker Salary in Florida
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $106,446 | $8,870 |
| 75th Percentile | $84,481 | $7,040 |
| Average | $62,128 | $5,177 |
| 25th Percentile | $30,413 | $2,534 |
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 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.
What does Brokerage boat mean?
They are agents whom people consult to find and purchase a boat, and whom people hire to list, represent, and sell boats for them. Traditionally, the seller pays the commissions that a yacht broker earns – not the buyer, yet brokers have a duty to both buyer and seller in every transaction.
What does brokerage boat mean?
Do you need a license to sell boats 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.
How much money do yacht Brokers make?
Yacht broker annual salaries The average salary for a yacht broker, as mentioned above, is between $121,000 and $136,000, although the actual earnings per year are entirely dependent on how many sales a broker has made in a year and how much commission they have earned from it.
How do I become a yacht broker in Florida?
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.