Yacht broker

Yacht brokers are highly qualified experts who render mediatory services while purchasing or selling a vessel. A yacht broker is not only responsible for transactions proceedings, but also for their efficiency at all times. A professional broker should make sense of all aspects of the yacht practice, the legal aspects of purchasing, assist in selecting and selling a high-quality vessel and ensure her delivery by sea or land.

A broker is also responsible for advertising of your yacht. As a rule, productivity of an advertisement is directly dependent on a broker’s reputation and his associations with companies that act in the yacht market all over the world. An experienced broker values his reputation, clients’ references and feedback, so he aims to provide the fullest information on any given vessel and market analytics. Dealing with a broker strongly guarantees the settling of a more profitable and faster transaction rather than you completing it on your own.

 

Choosing a yacht broker

1. Where to start?

Make sure that the broker you are selecting is licensed. It will help you to avoid possible trouble with reselling companies that misrepresent themselves as yacht brokers. Ask your broker to show you a copy of his license and check his name in his company’s list of active registered brokers. Governments of many states including the US (Florida, California) require licensing of yacht selling activities. High point brokers in Florida are members of the Florida Yacht Broker Association

2. An experienced broker sponsors your successful transaction

Before dealing with a broker ask him two questions:

  1. How many yachts have you offered for sale?
  2. How many yachts has your company offered for sale?

You should be on the lookout if a broker gives you a limited list of yachts for sale while his company offers a wide range of them. Then ask him the following question:

How long have you been holding the broker’s license?

If a broker’s qualifying period is less than 2 years, you should immediately look for another specialist. The approach is as follows: in order to achieve a broker’s license in the State of Florida, a specialist must be working as a sales person for the first two years of his career. This is the only way to earn a broker’s license. The difference is tremendous. A sales person doesn’t have the right to manage funds or paperwork on his own without a broker’s control. For this reason, the qualifying period allows him to avoid any mistakes he might make that affect his clients while he is still a beginner. Don’t allow laypersons to learn by your example. Be sure to deal with experienced yacht brokers.

3. A yacht analyst broker
The job of a professional yacht broker is to help a client to select the perfect vessel that meets his technical requirements, is of the desired size and efficiently combines comfort at a reasonable price. A skilled specialist is obliged to be fair and inform you of the current technical condition of a vessel, learn her track records and find out the true motivation of a vendor. There is much information regarding vessel sales transactions on the Internet, but a broker is the only person who can find the true data and check its validity. For example, only yacht brokers have access to a specialized resource, which is not available to the public. This site, www.soldboats.com, contains data about the latest transactions. Yacht brokers are able to access this website to obtain needed information
4. Yacht broker's skills. Engineering and technical training

You are a fortunate person if you deal with a broker trained in engineering and other technical matters. Such specialists will describe technical and esthetic faults to be repaired so your vessel is competitive in the yacht market. He will help you to clearly understand possible problems, offer solutions, assist in fixing and upgrading, even locating a yacht docking space while a vessel is being prepared for sale.

5. Record keeping assisted by a broker.

This aspect is an undeniable advantage of dealing with an experienced yacht broker. He will help you to understand such documents as title certificates, yacht purchase-and-sale transaction contracts, transaction acceptance contracts and other papers required for yacht title certificate reissue.

A professional yacht broker has a strong knowledge of specific rights to offset a vessel and conveyance of a vessel property to a new owner while changing. He is also authorized to prepare documents, such as purchase-and-sale contracts, agreements, specifying the prepayment conditions and money transfer to a trust account, all of which are highly important for any transaction.

6. Internet or mass media advertisement. What's up next?

At first glance, it is easy enough to purchase a yacht. Just find an internet advertisement, then contact the broker who posted it, and the process is begun. It is much better to purchase a vessel through the expertise of your very own broker. Show him the models you desire and he will find all similar ones or even fairly priced better alternatives.

For instance, most vessels, displayed at www.atlanticyachtandship.ru/en/ and other resources, are selling on the base of the central agency listing. This contract is made either between a ship owner and broker or as a transfer exchange in consideration of extra payment towards a new vessel cost. You may be offered a better price by a broker in case a yacht is passed into a dealer’s possession in compensation for another vessel (more expensive and bigger-sized) at the lowest represented cost.

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