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How To Get a Yacht Broker License in Florida? Here’s What You Need To Know

florida yacht brokers license requirements

Have you ever dreamed of being a yacht broker in the beautiful state of Florida? If so, you may be wondering what it takes to get a yacht broker license in the Sunshine State.

In this article, we’ll be looking at the requirements, exams, and application process for getting a yacht broker license in Florida, as well as the benefits that come with it.

Read on to learn more about how to get a yacht broker license in Florida!.

Table of Contents

Short Answer

In order to get a yacht broker license in Florida, you will need to meet the requirements set by the Florida Department of Business and Professional Regulation.

This includes having a high school diploma, completing a 40-hour course from an approved provider, and successfully passing a broker or salesperson licensing exam.

You will also need to provide documentation of your work experience in the yacht brokerage industry and complete a background check with the Florida Department of Law Enforcement.

Once you have met all of these requirements, you can apply for your license with the Florida Department of Business and Professional Regulation.

What Is a Yacht Broker License?

A yacht broker license is a credential issued by the Florida Real Estate Commission (FREC) that allows a person to legally engage in the practice of selling, leasing, and managing boats and yachts in the state of Florida.

With a yacht broker license, individuals are able to help buyers and sellers navigate the process of buying and selling vessels in the state.

To obtain a yacht broker license, applicants must meet certain educational, experience, and testing requirements.

It is important to note that yacht broker licenses are specific to the state of Florida and will not be recognized in other states.

Education Requirements

florida yacht brokers license requirements

Getting a yacht broker license in Florida requires a combination of education and experience, as well as certification.

To become a licensed yacht broker in the Sunshine State, you must first complete a 60-hour course approved by the Florida Real Estate Commission (FREC).

This course covers topics such as boat types, financing, and sales techniques.

So, if youre looking to become a yacht broker in Florida, it is important to invest in a quality education that will give you the knowledge and skills necessary to succeed in this role.

The FREC-approved course will cover a variety of topics, including contract law, boat types, boat financing, boat sales, boat repair, boat maintenance, and more.

You will also learn about the legal and regulatory aspects of becoming a yacht broker in Florida.

This course is essential for those looking to become a yacht broker in the Sunshine State, as it will provide you with the necessary knowledge to understand and navigate the legal and regulatory aspects of the industry.

In addition to the educational requirements, applicants must also have two years of documented experience in the industry.

This could include working at a boat dealership or marina, or any other type of related experience.

This experience is necessary to demonstrate that you have a good understanding of the industry, and are prepared to take on the role of a yacht broker in Florida.

Finally, applicants must also pass the FREC yacht broker exam.

This exam will test your knowledge of the legal and regulatory aspects of being a yacht broker in Florida.

Once you have passed the exam, you will be eligible to submit your application to the FREC and receive your license.

With a yacht broker license in Florida, you can help buyers and sellers navigate the process of buying and selling vessels in the Sunshine State.

So, if youre looking to become a yacht broker in Florida, make sure to invest in quality education and experience, and pass the FREC exam, to ensure that youre well-prepared for the role.

Experience Requirements

Becoming a licensed yacht broker in Florida is no small feat; it requires a combination of education, experience, and certification.

In addition to taking the required 60-hour course approved by the Florida Real Estate Commission (FREC), applicants must also have two years of documented experience in the industry.

This experience could include working at a boat dealership, marina, or yacht club or in any other capacity related to the sale of vessels.

This experience requirement is designed to ensure that applicants are well-versed in the industry, familiar with the types of boats available for sale, and knowledgeable about the sales process.

During the two years of experience, applicants should have acquired knowledge of boat types, financing, and sales techniques.

This experience should also provide applicants with insight into the legal aspects of the industry, such as contracts, liens, and title transfers.

For those who do not have two years of experience, it is possible to substitute up to one year of the required experience with a college degree in marine-related studies.

This could include a degree in marine engineering, marine technology, or a similar program.

Additionally, some schools offer courses in the yacht brokerage field, which can also be used to satisfy the experience requirements.

It is also important to note that the experience requirement must be documented.

This means that applicants must have proof of their experience in the form of letters from employers or other documentation that can be provided to the FREC.

This is necessary to ensure that applicants are truly knowledgeable and experienced in the field.

Certification Requirements

florida yacht brokers license requirements

In order to become a licensed yacht broker in Florida, you must fulfill a set of certification requirements.

First and foremost, you must complete a 60-hour course approved by the Florida Real Estate Commission (FREC).

Additionally, applicants must possess two years of documented experience in the industry, such as working at a boat dealership or marina.

Finally, applicants must pass the FREC yacht broker exam.

Only once all of these requirements are met can applicants submit their application to the FREC and receive their license.

The FREC yacht broker exam is a two-hour test that covers a range of topics related to the sale of boats and yachts in Florida.

These topics include familiarization with vessels and hull types, knowledge of marine contracts and financing, and understanding of the regulatory environment that governs yacht sales.

The test also covers topics such as safety, marketing, and insurance.

The exam is administered in the form of a multiple-choice test and must be passed with a score of 70% or higher to be eligible for a license.

It is important to note that the FREC yacht broker exam is not the only certification requirement for becoming a yacht broker in Florida.

In addition to passing the exam, applicants must also demonstrate two years of documented experience in the industry.

This experience can take the form of working as a boat dealer, marina employee, or other related field.

All documents and certificates must be submitted to the FREC as part of the application process.

Once all of the certification requirements have been fulfilled, applicants can submit their documents to the FREC and receive their license.

With a yacht broker license, you can help buyers and sellers navigate the process of buying and selling vessels in Florida.

Licenses must be renewed every two years and continuing education is required to maintain the license.

Exam Requirements

In order to obtain a yacht broker license in Florida, applicants must first pass the FREC yacht broker exam.

This exam covers a variety of topics related to the sale and purchase of boats, such as boat types, financing, and sales techniques.

The exam consists of 80 multiple-choice questions, and applicants must obtain a score of 75% or higher to pass.

In addition to the multiple-choice portion of the exam, applicants must also complete a written portion, which requires them to answer four essay questions.

The essay questions cover topics such as boat sales, contracts, and financing.

The essay portion of the exam is graded on a pass/fail basis, and applicants must receive a passing score in order to receive their license.

In order to prepare for the exam, applicants can take a pre-licensing course approved by the FREC.

This course covers all of the topics that will be covered on the exam, and can help applicants gain the knowledge and confidence they need to pass the exam.

Additionally, applicants can purchase study materials and practice exams to help them prepare for the exam.

Applicants must also pay a fee when registering for the exam, which covers the cost of the exam materials.

The fee for the exam varies depending on the type of license being applied for, so it is important to check with the FREC for the most up-to-date information.

Once applicants have passed the exam, they can then submit their application to the FREC and receive their license.

Application Process

florida yacht brokers license requirements

Once you have met the educational, experience, and certification requirements to become a yacht broker in Florida, you can apply for your license.

The application process is straightforward and involves submitting an application to the Florida Real Estate Commission (FREC).

The application requires information such as your name, address, and contact information.

Additionally, you must provide proof of the 60-hour course and two years of experience, as well as the results of your yacht broker exam.

You may also need to submit other documents, such as a criminal background check and additional forms of identification.

Once your application and accompanying documentation have been accepted, the FREC will issue your license.

Its important to note that the application process may take several weeks to complete, so its best to plan ahead and give yourself plenty of time to ensure that you receive your license in a timely manner.

Furthermore, you should be aware that the FREC may deny your application if any of the requirements are not met or if there are any issues with the documentation you provide.

If this happens, you will need to address the issues and submit an updated application.

Once you have your yacht broker license in Florida, you can begin helping buyers and sellers navigate the process of buying and selling vessels in the Sunshine State.

Benefits of a Yacht Broker License

Having a yacht broker license in Florida comes with a number of benefits.

First and foremost, it allows you to legally operate as a yacht broker in the state of Florida, giving you access to potential business opportunities.

Additionally, having a license shows that you have the necessary knowledge and experience to effectively help buyers and sellers navigate the process of buying and selling vessels in Florida.

As a licensed yacht broker, you can also take advantage of exclusive professional networks and industry events, such as Florida Yacht Broker Association meetings and conferences, which can provide you with valuable connections and information.

Furthermore, having a license can help you build credibility with potential customers and create trust, as it demonstrates your commitment to excellence in the industry.

Finally, having a yacht broker license can help you stay up-to-date on new laws and regulations, which is essential for staying ahead in the competitive world of yacht brokering.

Final Thoughts

With the right education, experience, and certification, you can become a yacht broker in Florida and help buyers and sellers navigate the complexities of buying and selling vessels in the Sunshine State.

If you’re interested in becoming a yacht broker in Florida, now is the time to get started.

Get informed on the requirements, take the 60-hour FREC course, gain the necessary experience, and take the FREC yacht broker exam.

Once you’ve met all the requirements, you can submit your application to the FREC and receive your license.

With a yacht broker license in hand, you will be well on your way to a successful career in the industry.

James Frami

At the age of 15, he and four other friends from his neighborhood constructed their first boat. He has been sailing for almost 30 years and has a wealth of knowledge that he wants to share with others.

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Yacht and Ship Broker License Requirements

  • Yacht and Ship Broker License Requirements
  • Yacht and Ship Broker License Requirements Overview
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How does Florida regulate and authorize licenses?   

Under the Florida Statutes, a “license” to regulate professions and occupations means any permit, registration, certificate, or license issued by the Department of Business and Professional Regulation (the “DBPR”). An occupational license is a privilege accorded by the state or its subdivisions to conduct a business at a particular location and is not a property right protected by substantive due process; the denial of such license does not prevent the business owner from pursuing a lawful occupation but merely stops the business from operating at a particular location. Ammons v. Okeechobee County , 710 So. 2d 641 (Fla. 4th DCA 1998).   

On July 1, 2021, the Florida Legislature passed Section 163.211 into law, which prevents any county, municipality, or other political subdivision of Florida from implementing additional licensing requirements for most occupations. Therefore, a prospective applicant only needs to satisfy state statutory requirements.  

Need help receiving, renewing, or defending your license? Schedule your consultation today with a top administrative law and licensing attorney .   

How does the licensing process work in Florida?  

A prospective licensee must apply through the DBPR, which must review the application and have the discretion to reject or accept applications for new licenses and license renewals as long as the discretionary review is reasonable. See KJS v. Department of Children and Family Services , 974 So. 2d 1106 (Fla. 1st DCA 2007).   

On the other hand, licensees seeking renewal must file for renewal before their license expires, or they will not be allowed to engage in their occupation until the DBPR grants a separate, new license. See Legal Environmental Assistance Foundation, Inc. v. Board of County Com’rs of Brevard County , Fla., 61 F.3d 25 (11th Cir. 1995).   

When the DBPR receives a license application, the agency has 90 days to examine the application, timely notify the applicant of any errors or omissions, request additional information, and, ultimately, issue a notice of intent to either grant or deny the license. The DBPR may not deny renewal without a full, open, and fair hearing for license renewals. See Wilson v. Pest Control Commission of Fla. , 199 So. 2d 777 (Fla. 4th DCA 1967).   

Which laws and regulations apply to yacht and ship broker licenses in Florida?  

The Florida entity that regulates yacht and ship licenses is the  Florida Department of Business and Professional Regulation (DBPR) . Specifically, the DBPR’s Division of Florida Condominiums, Timeshares, and Mobile Homes oversees yacht and ship brokers and salespersons licensing.  

Federal and state laws regulate yacht and ship licenses, with federal laws such as the  Jones Act  governing matters like vessel documentation and maritime law.  

Under Florida law, yacht and ship licenses fall under  Chapter 326, Florida Statutes  (Yacht and Ship Brokers). Furthermore, the  Florida Administrative Code (FAC)  sets additional rules and regulations for yacht and ship licenses.   

What are the application and retention requirements for yacht and ship broker licenses in Florida? 

Application Requirements:

Applicants for yacht and ship licenses in Florida must meet specific criteria. First, individuals must be at least 18 years old and of good moral character. Second, they must complete a pre-licensure course approved by the DBPR. Third, applicants must pass a written examination administered by the DBPR. Fourth, they must submit a surety bond or letter of credit for $25,000. Finally, applicants must pay an application fee and complete a licensing application form.  

Retention Requirements:

To maintain their yacht and ship license, licensees must adhere to specific requirements. They must renew their licenses every two years, pay the applicable renewal fee, and complete at least eight hours of continuing education every two years.   

Additionally, licensees must maintain their surety bond or letter of credit and adhere to the regulations outlined in Chapter 326, Florida Statutes, and the Florida Administrative Code. Failure to comply with these requirements may result in disciplinary actions, including fines, suspension, or license revocation.  

To determine whether you meet the yacht and ship broker license requirements, please contact our office to set up your initial consultation.  

Can the DBPR’s license decision be appealed?  

Yes, an adverse license decision made by the DBPR is appealable. The authority for appealing such decisions comes from the Florida Administrative Procedure Act (APA) , Chapter 120 of the Florida Statutes. Specifically, the right to appeal derives from Florida Statutes §120.569 and §120.57 . The APA establishes the framework for challenging agency actions, such as licensing decisions, through administrative hearings and judicial review.   

If an applicant or licensee receives an adverse decision from the DBPR, they may request an administrative hearing to challenge it. The request for a hearing must be submitted within the timeframe specified in the agency’s notice, which is generally 15 days from the date of the notice, as provided in Section 120.569(2)(a), Florida Statutes .  

The administrative hearing process commences with submitting a petition for a hearing to the agency. The petition must comply with the requirements outlined in Rule 28-106.201, Florida Administrative Code . If the petitioner qualifies for an administrative hearing, the case is referred to the Division of Administrative Hearings (DOAH) and assigned to an administrative law judge (ALJ).  

The ALJ conducts the hearing, like a trial, with both parties presenting evidence and testimony. After the hearing, the ALJ issues a recommended order, which includes findings of fact, conclusions of law, and a recommendation for a final decision. The DBPR then reviews the recommended order and issues a final order, either adopting, modifying, or rejecting the ALJ’s recommendations.  

Suppose the petitioner is unsatisfied with the DBPR’s final order. In that case, they can seek judicial review by filing a notice of appeal with the appropriate District Court of Appeal, as provided in Section 120.68, Florida Statutes . The court reviews the case to determine if the agency’s decision follows from competent, substantial evidence and complies with the law.  

Have more questions about a professional licensing-related situation?  

Crucially, this overview of yacht and ship licenses does not begin to cover all the laws implicated by this issue or the factors that may compel the application of such laws. Every case is unique, and the laws can produce different outcomes depending on the individual circumstances.  

Jimerson Birr attorneys guide our clients to help make informed decisions while ensuring their rights are respected and protected. Our lawyers are highly trained and experienced in the nuances of the law, so they can accurately interpret statutes and case law and holistically prepare individuals or companies for their legal endeavors. Through this intense personal investment and advocacy, our lawyers will help resolve the issue’s complicated legal problems efficiently and effectively.  

Having a Jimerson Birr attorney on your side means securing a team of seasoned, multi-dimensional, cross-functional legal professionals. Whether it is a transaction, an operational issue, a regulatory challenge, or a contested legal predicament that may require court intervention, we remain a tireless advocate every step of the way. Being a value-added law firm means putting the client at the forefront of everything we do. We use our experience to help our clients navigate even the most complex problems and come out the other side triumphant.  

If you want to understand your case, the merits of your claim or defense, potential monetary awards, or the amount of exposure you face, you should speak with a qualified Jimerson Birr lawyer. Our experienced team of attorneys is here to help. Call Jimerson Birr at (904) 389-0050 or use the contact form to set up a consultation .  

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florida yacht brokers license requirements

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Florida Yacht Broker License

Did you know that you need a license to sell boats of 32 feet in Florida? That’s because it’s considered a yacht by state statute. Learn more about the Florida Yacht Broker License by reading the information below.

Who needs a Florida Yacht Broker License?

Florida defines a “Yacht” as any vessel in the water exceeding 32 feet. Additionally, this includes vessels powered by wind and/or motors. The previous definition comes with a few exceptions, however. These exceptions are selling your own yacht, attorneys, new yacht sales, receivers, and foreclosures.

Do I need a Yacht Broker License or a Florida Yacht Salesmen License?

Ah, which comes first? The chicken or the egg? 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 does each license cost?

We mentioned above that there are two license types. However, both licenses cost the same. That’s right. The cost for a yacht salesmen license is the same as the yacht broker license. Each of these licenses will cost you $551. Additionally, you can add another brokerage location for $100.

What else do I need for my Yacht Broker and Salesmen license?

In addition to the state fee, you’ll need a few other items. For example: You’ll need to provide fingerprints, a completed application, and a surety bond. However, the surety bond amounts aren’t the same. The Florida Yacht Salesmen License requires a $10,000 bond while the Yacht Broker License requires a $25,000 bond. You can find the price of your bond by applying here .

Do you need help applying for your license?

If so, you’ve come to the right place. We can help you apply for your license with the DFCTMH . Yacht broker licenses fall under their supervision. In most cases, we can help you apply for and obtain your license faster and easier than going it alone. In fact, many of our clients have already started the process when they come to us for help. Learn more about what we do or apply online today!

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How to Become a Yacht Broker: Requirements Explained

how to become a yacht broker

Fun fact: U.S. boat sales can reach heights of up to $41 billion bucks each year. And while most people want to join the frenzy by saving up to buy their own boat, other clever cats join in on the big business by selling the boats. Yachts in particular can sell for a very pretty penny. So hopping in on the craze by starting a career as a yacht broker might get you a sweet slice of that $41 billion dollar business.

But although it might seem pretty lucrative to become a yacht broker, you can't really just head to the dealership and take on the role. On the contrary, there are quite a few hoops you might have to jump through to start a career in the yacht sales business. Wondering how to become a yacht broker? Here's what the job requires.

Basic Knowledge of the Business

First of all - would you buy a car from a guy who's never driven one? Exactly. Before you even think about becoming a yacht broker, you have to make sure you know what to tell your buyers. First hand experience with yachts should give you the upper hand in the business so that you know exactly how to sell a boat's good points and how to take attention away from its flaws.

Yacht brokers need to know the need-to-knows of the business. If you don't have a boat of your own, then you can visit your local marina and talk with the boat owners there. Visit a dealership and ask about boat specifics. You can even do research at home. It pays to know everything there is to know about boats if you want to really get your buyers to seal the deal especially if you don't have a lot of sales experience yet.

CPYB Certification

For the record - certification isn't required if you're wondering how to become a yacht broker. In fact, not a single brokerage requires it since they're more interested in experience in sales and skills. But it is helpful for buyers who want to make sure they’re dealing with someone with a good sales record.

That's exactly what certification is for. Presently, only the Yacht Brokers Association of America ( YBAA ) offers a course for certifying brokers, providing the title Certified Professional Yacht Broker (CPYB.) Applicants must be able to provide several documents to start the certification process. These include:

  • Proof of present employment as a yacht broker for at least 1 year
  • Proof of employment as a yacht broker for at least three years in the past 10 year period
  • Proof of ethical yacht sales and necessary documentation
  • A dedicated escrow/trust account for all client funds in trust
  • Where applicable, the individual holds all necessary licenses required by the local government
  • No violations for the last seven years of any surety or Codes of Ethics of any brokerage organizations or groups that the applicant is a part of
  • Pass the CPYB exam

Individuals who comply with these requirements (among several others) are eligible to obtain certification as a Certified Professional Yacht Broker from the Yacht Brokers Association of America.

Alternatively E-learning courses and seminars are also helpful for developing skills. The Association offers courses on warranties, insurance, marketing, co-brokerage, and all of the nitty gritty details of being a yacht broker.

These e-seminars can be helpful in providing insight so you can navigate the work of selling boats, offering important knowledge on specifics that you might not be able to find anywhere else.

Do You Need a License for a Yacht Brokers Career?

To be clear, there are very few states that actually require a yacht broker to have a license . As of writing, only the states of Florida , California, and Virginia require yacht brokers a license to practice their trade through the local government. Other states have no yacht sales regulations.

The requirements for acquiring a license change between states, but you might expect some of these requirements to pop up during the process:

  • At least 18 years of age
  • A fixed place of business
  • Employed as a yacht broker as your primary occupation in another state for at least three years OR
  • Own and operate a business selling new or used yachts in the state for at least three years immediately after applying for a license OR
  • Employed as a licensed yacht broker for at least a year out of the last five years in the state
  • Relevant certification from the YBAA and licenses

These are a must for licenses in California, but Florida and Virginia might require completely different documents and regulations. Licensing process fees can cost you between $200 and $300 to become a licensed broker, depending on the place you're in. It may be helpful to check locally to get a better idea.

Renewal of licensing may have to take place annually depending on local regulations, but it can be different for different states. In some cases, you might also have to complete and pass a written exam to ensure that you're knowledgeable on the specifics of the industry before you can become a licensed broker.

Education, Degree, and School Requirements for the Career

Is a degree a must to become a yacht broker? Yacht brokerages will usually prefer employing yacht brokers with at least a Bachelor's Degree, but it's not uncommon for high school graduates to get jobs as yacht brokers. Of course, a college education and a Bachelor's Degree in business, marketing, sales, or any other related course can be helpful, but you will find it's not always a must in most states.

Selling yachts and sealing deals aren't really skills they teach you at high school -- you get that from years of sales experience. If you've got the chops to make sales and you know the ins and outs of yachts, then it shouldn't be impossible to get a job as a yacht broker -- even without a college degree or an extensive background in school based education especially if you pass the brokerage's exam and requirements.

How Much Do Yacht Brokers Make?

What's a yacht broker salary like? Yacht brokers work on a commission just like any other broker or salesperson career, which means that they make more when they sell more. According to statistics, a successful yacht broker can make a salary of as much as $120,00 a year if they're dealing with higher end yacht models. But that's a very generous estimate of what real figures actually look like.

If we're being realistic, a yacht broker can make an average of about $70,000 a year. That places their weekly salary payout at around $1,300 to $1,400. Of course, peak seasons do exist where sales increase, earning them an extra $500 to $1,000 a week if they're lucky.

Another helpful piece of information is that the amount they get in terms of commissions isn't permanent. Most brokers will ask for 10% of the total sales, but there are net commissions and percentage commissions.

With a net commission agreement, the broker gets the exact amount agreed with the clients regardless of whether or not the yacht is sold for a lower or higher price after negotiations. On the other hand, percentage commissions will earn the broker a specific percentage of the successful sales, which is affected by negotiations made on the sale.

You'll also have to consider the situation if there's a broker working for the buying end as well. The listing broker and selling broker will often have to split the commission from the sales. So if the clients agree to pay a 10% commission on the sale, the brokers won't get 10% each, but will instead get 5% each for a total cut of 10%.

Tips on How to Become a Yacht Broker

  • First of all - connections are key in this career. Expand your network by visiting boat shows, dealerships, and other places where you can meet new people in the industry.
  • It's helpful to ask a pro. Find and train at a yacht brokerage under licensed or experienced yacht brokers with lots of sales experience to get a better idea of the intricacies of the sale and relevant skills and knowledge.
  • You must learn to accept rejection. Yachts are expensive, and even the most interested buyers can back off of a deal when their budget won't allow it.
  • Maintain previous contacts. Prospective buyers who didn't push through in the past might be more comfortable to purchase a boat later in the future. It may be helpful to keep in touch.
  • Be likable. You and your competition are all selling the same boats. It's your personality that will make all of the difference.
  • Go online. A lot of your prospective buyers exist on the internet. If you want to reach a wider audience, try your hand at online marketing.
  • Be teachable. If you don't have a lot of experience or a degree in marketing or business, make up for the school deficit by attending seminars and learning courses to expand your knowledge and skills.

FAQs About How to Become a Yacht Broker

Is it hard to become a yacht broker.

All jobs come with their own unique set of challenges. Becoming a successful yacht broker requires persistence and lots of exposure to the actual job. You will find that there are intricacies you'll only learn once you're out on the field since they're not taught in school or in textbooks. Work with a more experienced broker to learn more about what it takes to secure those sales.

What about luxury yacht brokers?

Selling luxury superyachts and gigayachts can earn you massive income in a single transaction, but it's not quite as easy as selling small fry. You're going to need lots of sales experience since you're going to deal with a yacht brokerage and corporations instead of not private individuals.

They might also be more particular about making sure their brokers education, preferring those that have a Bachelor's Degree in business, marketing, and other appropriate courses and not just a high school diploma. It's always best to start out with smaller boats and then work your way up by joining a brokerage firm for luxury yachts for the super rich clientele.

Quitting Your Day Job?

If you're thinking about quitting your day job to pursue your passion for boats, then it pays to know how to become a yacht broker. You'll find that it will take some serious sacrifice and learning before you can call yourself a success in the industry. But with the right contacts, proper licenses and experience, and lots of practice and exposure, you might just be able to secure for yourself a high paying job that puts you in the company of some of the richest communities around.

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What is the difference between a Florida licensed yacht and ship broker and a Florida licensed yacht salesperson?

What is the difference between a Florida licensed yacht and ship broker and a Florida licensed yacht salesperson?    

A Florida licensed yacht and ship broker is a person who has been licensed by the Division of Florida Condominiums, Timeshares, and Mobile Homes (Division), and who, for or in expectation of compensation: sells, buys, offers, or negotiates to sell or buy; solicits or obtains listings of; or negotiates the purchase, sale, or exchange of yachts for other persons.  An applicant for a broker's license must file with the Division a surety bond or letter of credit in the sum of $25,000.  Additionally, a broker must maintain an escrow account in a Florida financial institution.  A Florida licensed yacht salesperson is a person who has been licensed by the Division, and who is employed by a broker to perform any acts of a broker.  Each salesperson's license must remain in the possession of the employing broker until canceled or until the salesperson leaves such employment.  Immediately upon a salesperson's withdrawal from the employment of a broker, the broker must return the salesperson's license to the Division for cancellation.  An applicant for a salesperson's license must file a surety bond or letter of credit in the sum of $10,000 with the Division.        

References:

  • Sections  326.002(1) & (3) and 326.004 , Florida Statutes
  • Rule  61B-60.004, Florida Administrative Code

For more details:

  • For publications, forms and other educational material, visit the Division of Florida Condominiums, Timeshares, and Mobile Homes' web page at http://www.myfloridalicense.com/DBPR/yacht-and-ships/forms-and-publications/ .

Answers others found helpful

  • How do I obtain a license to become a yacht and ship broker or salesperson in Florida?
  • How long does it take the Division of Condominiums, Timeshares, and Mobile Homes - Yacht and Ship Brokers’ Section to process an application for a license to act as a yacht and ship broker or salesperson?
  • What is an “employing” yacht broker?
  • How do I find out if a yacht broker or salesperson is licensed by the state of Florida?
  • How do I renew my Florida yacht broker or salesperson license?

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2005 Florida Code - VESSELS YACHT AND SHIP BROKERSChapter 326

Disclaimer: These codes may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

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florida yacht brokers license requirements

Who security for a broker must remain on deposit since a interval of 1 annual after he or she ceases to to a broker.

Certified Professional Yacht Brokers

Certified Professional Yacht Brokers

Find your cpyb.

Just for Boaters

Yacht Sales Professionals (brokers, dealers, salespeople) have a benchmark for measuring their skills, abilities and performance, while, at the same time, enhancing their marketing value. Boat sellers and buyers are in a better position to select qualified, competent sales professionals with confidence and trust.

If you want to set yourself apart, the certified professional yacht broker (cpyb) program is for you..

florida yacht brokers license requirements

Get Certified

CPYB Certification is the mark of excellence for yacht sales professionals throughout North America.

Earning Certification

CPYB brokers have met professional qualifications and have successfully passed a three-hour examination, testing their skills and knowledge as yacht sales professionals. If you are committed to professionalism and have what it takes, we invite you to apply.

florida yacht brokers license requirements

Renew Your Certification

Retaining certification ensures you stay current with industry trends.

As you know, staying competitive and successful requires a continuing commitment to educating yourself on the latest industry information and insights. That is why the basis of CPYB Recertification requires your participation in educational activities and professional involvement that help you to remain one of the most experienced brokers in the brokerage industry.

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Upcoming pre-approved events, tue 26 2024, march 26, 2024 1:00pm - 2:00pm est, nyba: llc and tax exemption seminar, webinar date: march 26, 2024.

Join NYBA for a one-hour educational seminar from Fred Robinson of Robinson Law Firm, on the topic of LLCs and tax exemptions for non-resident owners. This is a great opportunity to brush up on your LLC and tax exemption knowledge ahead of the Spring Boats Afloat Show!

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Join us in celebrating the new CPYBs certified in January 2024.

Staley Weidman, CPYB named Sailboat Broker of the Year 2023 by the IYBA

Staley Weidman, CPYB named Sailboat Broker of the Year 2023 by the IYBA

The Certified Professional Yacht Brokers would like to congratulate Catamaran Company CEO, Staley Weidman, on being named the Sailboat Broker of the Year 2023 by the International Yacht Brokers Association (IYBA).

Certified Professional Yacht Brokers Award Don Finkle and Pat Sturgeon with the 2023 Dedicated Service Award

Certified Professional Yacht Brokers Award Don Finkle and Pat Sturgeon with the 2023 Dedicated Service Award

WASHINGTON, DC − On November 15, 2023, the Certification Advisory Council of the Certified Professional ‎Yacht Broker (CPYB) awarded the 2023 Dedicated Service Award to Pat Sturgeon —a CPYB and yacht broker ‎for Pat Sturgeon Yachts in Mississauga, Ontario and Don Finkle—a CPYB and yacht broker for RCR Yachts in ‎Youngstown, New York.‎

Certified Professional Yacht Brokers Award Brian Commette With Vincent J. Petrella Chairman's Award

Certified Professional Yacht Brokers Award Brian Commette With Vincent J. Petrella Chairman's Award

WASHINGTON, DC − On November 15, 2023, the Certification Advisory Council of the Certified Professional ‎Yacht Broker (CPYB) awarded the 2023 Vincent J. Petrella Chairman’s Award to Brian Commette —a CPYB ‎and yacht broker for Northrop & Johnson in Newport Beach, California. ‎

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EFFECTIVE IMMEDIATELY: GETTING YOUR BROKER'S LICENSE: ELECTRONIC FINGERPRINT FAQS

  • Posted 04-07-2016
  • Brokers   Legislative  
  • Industry   Tips  

EFFECTIVE IMMEDIATELY: Getting Your Broker’s License Electronic Fingerprint FAQs

The State of Florida Department of Business and Professional Regulation (DBPR) Division of Florida Condominiums, Timeshares and Mobile Homes, recently added another hoop you have to jump through when applying for your yacht broker’s license. Now, the Division will accept only electronic fingerprints with your application; fingerprint cards are no longer accepted.

If electronic prints are submitted, the application fee is $500. 

The DBPR provides these answers to Frequently Asked Questions about electronic fingerprinting: 

1. How do I find a vendor to submit my fingerprints to the DBPR?

The DBPR accepts electronic fingerprinting services offered by Livescan device vendors that are approved by the Florida Department of Law Enforcement and listed on their website. You can view the vendor options and their contact information at www.fdle.state.fl.us/Content/Criminal-History/Livescan-Service-Providers-and-Device-Vendors.aspx. The applicant is wholly responsible for selecting the vendor and ensuring submission of the prints to DBPR.

2. What information must I provide to the Livescan vendor I choose?

You must provide accurate demographic information as well as personal identification, identify the reason for being fingerprinted, which is: “Ch. 326, Florida Statutes, Yacht Broker License” and provide the correct Origination Agency Identification (ORI) code: FL921900Z. NOTE: Failure to provide an ORI number or incorrect ORI number to the vendor will prevent DBPR from receiving your fingerprint results. Please contact the vendor in advance to confirm any other information they may require.

3. How does the electronic fingerprinting process actually work?

In the traditional method of fingerprinting, ink is applied to each of your fingers which are then “rolled” across a fingerprint card to obtain your results. With electronic fingerprinting, there is no ink or card. Your fingerprints are “rolled” across a glass plate and scanned. It is faster and cleaner than the traditional method. Electronic fingerprinting reduces the likelihood of illegible fingerprints and will reduce the overall application processing time.

4. How long will it take to have my fingerprints scanned?

It should take approximately 5-10 minutes.

5. How much does the electronic fingerprinting cost?

The total fee charged by each vendor varies. Please contact the vendor to obtain this information. The fingerprint results are usually received by the Division two to four days after your fingerprints are scanned.

6. What do I need to bring with me to the Florida electronic fingerprinting site?

All applicants will be required to bring two (2) forms of identification on the day of scheduled fingerprinting. One of the two types of identification must bear your picture and signature such as a driver’s license, state identification card or passport.

7. What should I do if I am notified by the DBPR that the Florida Department of Law Enforcement or the Federal Bureau of Investigation determined my fingerprints were illegible?

The electronic fingerprint scanning machines are equipped to determine if your fingerprints scanned successfully; however, if it is determined by the FBI that your prints were not legible, we will send you a notification letter asking you to go back to the same vendor that did your initial prints and schedule a re-roll of your prints. You may be responsible for any costs associated with the re-roll of your fingerprints as determined by the vendor.

8. Can I use my recent prints to apply for another professional license?

Your prints cannot be shared between professions or with other agencies. You are required to have separate prints for each license you are applying for.

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Common Surety Bonds:

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Florida Yacht and Ship Broker Bond

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What is a Florida Yacht and Ship Broker Bond?

A $25,000 Yacht and Ship Broker Bond is required by the Florida Department of Business and Professional Regulation for persons or businesses that engage in the sale of yachts or ships in the state of Florida . The obligation ensures that the broker is accountable for financial transactions and complies with laws and regulations of the state.

Often times, an additional bond called a Yacht Salesperson Bond is also required for each sales individual employee acting in a sales capacity.

Purchase Your Florida Yacht Broker Bond Today

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Why is a Florida Yacht Broker Bond Required?

The surety bond ensures that the bonded principal and all agents and employees faithfully comply with the provisions of the Yacht and Ship Brokers’ Act and all rules and regulations set out by the Florida Department of Business and Professional Regulation, Division of Florida Land Sales, Condominiums and Mobile Homes, Section of General Regulation. Further, the bond requires that the principal appropriately apply all funds received and perform all obligations and undertakings according to state statutes and laws in the conduct of business as a yacht and ship broker.

Anyone injured by fraud, deceit, or willful negligence on the part of the yacht broker or salesperson, or through the failure of the broker or salesperson to comply with the Yacht and Ship Brokers’ Act or other laws may seek compensation for damages against the surety bond.

Yacht Broker Bonds And Getting Your Florida Business License/Registration

Application is made to the Division of Florida Condominiums, Timeshares, and Mobile Homes and will generally require the following items:

  • Completed application (DBPR Form YS 6000-1)
  • Required fee
  • Complete set of fingerprints
  • Original surety bond or letter of credit in the amount of $25,000 for a broker’s license.

Mail to: Department of Business and Professional Regulation Attn: FCTMH’s Yacht and Ship Brokers' Section 1940 North Monroe Street Tallahassee, Florida 32399-1030

Note: Individuals may not be licensed as a yacht broker prior to having been a salesperson for at least two consecutive years. Furthermore, individuals may not be licensed as a yacht broker without being licensed as a salesperson for at least two consecutive years.

Additional Florida Yacht Broker Bond Resources & Links

  • Florida Department of Business and Professional Regulation Division of Florida Condominiums, Timeshares and Mobile Homes Yacht and Ship Forms
  • 9 Things to Consider When Buying or Selling a Yacht in Florida

IMAGES

  1. How do you get a yacht brokers license in Florida?

    florida yacht brokers license requirements

  2. How To Get a Yacht Broker License in Florida? Here’s What You Need To

    florida yacht brokers license requirements

  3. 9 Things to Consider When Buying or Selling a Yacht in Florida

    florida yacht brokers license requirements

  4. 9 Things to Consider When Buying or Selling a Yacht in Florida

    florida yacht brokers license requirements

  5. Yacht and Ship Broker License Requirements

    florida yacht brokers license requirements

  6. How to Become a Yacht Broker: License (USA & UK Requirements)

    florida yacht brokers license requirements

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COMMENTS

  1. How do I obtain a license to become a yacht and ship broker or

    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. References:

  2. Licensing Portal

    Using the links below, you can get information on licensing requirements, check the status of an existing application, apply using a printable application, or access the online application system if available for the specific business or profession.

  3. How To Get a Yacht Broker License in Florida? Here's What You Need To

    To become a licensed yacht broker in the Sunshine State, you must first complete a 60-hour course approved by the Florida Real Estate Commission (FREC). This course covers topics such as boat types, financing, and sales techniques.

  4. How to Become a Yacht Broker in Florida: A Clear Guide

    To become a yacht broker in Florida, one must obtain a Yacht and Ship Salesperson License from the Florida Department of Business and Professional Regulation. This requires passing an examination, submitting fingerprints for a background check, and securing a bond.

  5. Yacht and Ship Broker License Requirements

    Application Requirements: Applicants for yacht and ship licenses in Florida must meet specific criteria. First, individuals must be at least 18 years old and of good moral character. Second, they must complete a pre-licensure course approved by the DBPR. Third, applicants must pass a written examination administered by the DBPR.

  6. Florida Yacht Broker License

    The chicken or the egg? 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.

  7. Licensing Portal

    Welcome to the Department of Business and Professional Regulation's Application Center. Using the links below, you can get information on licensing requirements, check the status of an existing application, apply using a printable application, or access the online application system if available for the specific business or profession.

  8. How to Become a Yacht Broker: Requirements Explained

    Pass the CPYB exam Individuals who comply with these requirements (among several others) are eligible to obtain certification as a Certified Professional Yacht Broker from the Yacht Brokers Association of America. Alternatively E-learning courses and seminars are also helpful for developing skills.

  9. How To Become A Yacht Broker

    Eligibility requirements include at least three years' experience in sales and yacht brokerage, proof of appropriate trust or escrow accounts, a history of using legal sales contracts, and possession of all necessary licenses.

  10. How do I renew my Florida yacht broker or salesperson license?

    2601 Blair Stone Road Tallahassee, Florida 32399-1030 At least 60 days prior to your license expiration date, the Division of Florida Condominiums, Timeshares, and Mobile Homes will mail to you a DBPR Form YS 6000-6 (Application for Yacht and Ship License Renewal/Branch Office Renewal).

  11. What is the difference between a Florida licensed yacht and ship broker

    A Florida licensed yacht and ship broker is a person who has been licensed by the Division of Florida Condominiums, Timeshares, and Mobile Homes (Division), and who, for or in expectation of compensation: sells, buys, offers, or negotiates to sell or buy; solicits or obtains listings of; or negotiates the purchase, sale, or exchange of yachts fo...

  12. YACHT AND SHIP BROKERS :: Florida VESSELS

    CHAPTER 326 YACHT AND SHIP BROKERS 326.001 Short title. 326.002 Definitions. 326.003 Administration. 326.004 Licensing. 326.005 Escrow depository, closing transactions. 326.006 Powers and duties of division. 326.001 Short title. --Sections 326.001-326.006 may be cited as the "Yacht and Ship Brokers' Act."

  13. How To Become a Yacht Broker in 4 Steps (With Tips)

    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. Even if it's not required by employers, obtaining a bachelor's degree can benefit you if you're interested in pursuing this role.

  14. Statutes & Constitution :View Statutes : Online Sunshine

    Title XXIV VESSELS Chapter 326 YACHT AND SHIP BROKERS View Entire Chapter 326.004 Licensing.— (1) A person may not act as a broker or salesperson unless licensed under the Yacht and Ship Brokers' Act. The division shall adopt rules establishing a procedure for the biennial renewal of licenses.

  15. 61B-60 : YACHT AND SHIP BROKERS

    YACHT AND SHIP BROKERS: Add to MyFLRules Favorites: View Chapter: 61B-60. ... Application for and Renewal of Broker or Salesperson License: 11/3/2003: 61B-60.004 : Bond and Irrevocable Letter of Credit: 3/13/2002: 61B-60.005 : ... Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response ...

  16. Statutes & Constitution :View Statutes : Online Sunshine

    Of 2023 Florida Statute (including Feature Session C) Title XXIV SHIPS: Section 326 YACHT AND SHIP BROKERS: View Entire Chapter: 326.004 Licensing. — (1) A person may not act because an broker press salesperson unless approved to the Boat furthermore Ship Brokers' Do. The division shall adopt rules establishing a procedure for the biennial ...

  17. Certified Professional Yacht Brokers

    WASHINGTON, DC − On November 15, 2023, the Certification Advisory Council of the Certified Professional ‎Yacht Broker (CPYB) awarded the 2023 Vincent J. Petrella Chairman's Award to Brian Commette —a CPYB ‎and yacht broker for Northrop & Johnson in Newport Beach, California. view all news.

  18. Getting Your Broker's License: Electronic Fingerprint FAQs

    EFFECTIVE IMMEDIATELY: Getting Your Broker's License Electronic Fingerprint FAQs. The State of Florida Department of Business and Professional Regulation (DBPR) Division of Florida Condominiums, Timeshares and Mobile Homes, recently added another hoop you have to jump through when applying for your yacht broker's license.

  19. Licensing Portal

    Instead, contact the office by phone or by traditional mail. If you have any questions, please contact 850.487.1395. *Pursuant to Section 455.275(1), Florida Statutes, effective October 1, 2012, licensees licensed under Chapter 455, F.S. must provide the Department with an email address if they have one.

  20. 9 Things to Consider When Buying or Selling a Yacht in Florida

    You'll need a yacht broker license or yacht salesperson license issued by the state of Florida, which you can apply for using state form BPR 6000-2. To get a Florida yacht broker license , a broker must register with the Florida Department of Business and Professional Regulation and provide a $25,000 yacht broker surety bond .

  21. Changes to Florida maritime law that yacht owners need to know

    Yacht owners who regularly dock in South Florida should be aware of changes in the law that recently took effect. The Boating Safety Act (BSA) aims to reduce deaths, injuries and damage from boating accidents, which have been on the rise recently. An expanded definition of "livery vessel" to include bareboat or demise charters, though the ...

  22. Florida Yacht Broker Bond

    Required fee. Complete set of fingerprints. Original surety bond or letter of credit in the amount of $25,000 for a broker's license. Mail to: Department of Business and Professional Regulation. Attn: FCTMH's Yacht and Ship Brokers' Section. 1940 North Monroe Street. Tallahassee, Florida 32399-1030.