Yacht broker
Encyclopedia
A yacht broker
is a specialist agent who acts as a representative for the sale of a yacht or boat. The yacht broker is paid an agreed commission the sale price of a yacht and to this end markets the yacht for sale, fields buyer interest and act as a ‘middle man’ in the negotiations.
In the U.S.A. and Canada
, yacht brokers qualify with the Certified Professional Yacht Brokers (C.P.Y.B.)organisation, following courses of study and qualifying examinations.
In the United Kingdom
, C.P.Y.B. UK .offers a similar professional certification path following the North American model.
BCYBA, British Columbia Yacht Brokers Association
Broker
A broker is a party that arranges transactions between a buyer and a seller, and gets a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal...
is a specialist agent who acts as a representative for the sale of a yacht or boat. The yacht broker is paid an agreed commission the sale price of a yacht and to this end markets the yacht for sale, fields buyer interest and act as a ‘middle man’ in the negotiations.
Yacht Broker Qualifications
In Holland, qualified yacht brokers are known as "Sworn yachtbrokers"In the U.S.A. and Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
, yacht brokers qualify with the Certified Professional Yacht Brokers (C.P.Y.B.)organisation, following courses of study and qualifying examinations.
In the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, C.P.Y.B. UK .offers a similar professional certification path following the North American model.
Associations
AYB Associated Yacht Brokers, YBAA Yacht Brokers Association of America, FYBA Florida Yacht Brokers Association, MYBA Mediterranean Yacht Brokers AssociationBCYBA, British Columbia Yacht Brokers Association
Locations
Yacht brokers are more common where yachting is more common. For instance, yachting is very common in the Mediterranean and Caribbean Seas. These popular waterways for leisure boating are proximate to the large western populations of Europe and North America. Therefore Spain in Europe and Florida in North America have large populations of yacht brokers to service the concentration of yachts.Yacht Charter Broker
The term 'yacht broker' can sometimes be confused with the term 'yacht charter broker'. A yacht broker acts as an agent in the sale of yachts, rather than the sale of charter time on yachts. A yacht charter broker specializes in the sale of fully crewed luxury yachts or smaller bare-boat yachts, or both. Occasionally a person will carry out both roles but more commonly a company as a whole will carry out both roles and employ both yacht charter brokers and yacht brokers. The roles are therefore normally specialised and distinguished.See also
- Yacht charter broker
- Yacht charterYacht charterYacht chartering is the practice of renting, or chartering, a sailboat or motor yacht and travelling to various coastal or island destinations. This is usually a vacation activity, but it also can be a corporate event....
- List of motor yachts by length
- Bareboat charterBareboat charterA bareboat charter is an arrangement for the chartering or hiring of a ship or boat, whereby no crew or provisions are included as part of the agreement; instead, the people who rent the vessel from the owner are responsible for taking care of such things....
- Luxury yachtLuxury yachtThe term luxury yacht, “Superyacht” and "Large Yacht" refers to very expensive, privately owned yachts which are professionally crewed. Also known as a Super Yacht, a luxury yacht may be either a sailing or motor yacht.-History:...