Are you looking for information on how to become a yacht broker? If so, look no further. On this page, you will find information about the education and training requirements needed to become a yacht broker. You will also learn about the salary you can expect to make as a yacht broker and about licensing requirements.

A yacht broker is basically someone who acts as a representative during the sale or purchase of a yacht or boat. Similar to a real estate agent, they either represent the person selling a yacht or the person looking to purchase a yacht. Yacht brokers handle transactions that are usually over $100,000 and sometimes even over $3,000,000. Yacht brokers can either work for a brokerage, or they can own their own firm, which would make them the broker/owner. The broker/owner often has numerous sales representatives working for them.http://www.yachtcouncil.com/default.aspx?did=22http://www.articlesnatch.com/Article/So-You-Want-To-Become-A-Yacht-Broker/974286

People choose to use yacht brokers for all sorts of different reasons. Often times, yacht brokers have better connections in the world of boating, mainly due to the Multiple Listing Services that they have access to. This service shows them exactly which boats are for sale and what the pricing is. Besides pricing, it also gives detailed information about the[boats. The Multiple Listing Service doesn't just benefit the person wanting to purchase a yacht, but also the person interested in selling their yacht. A yacht broker will do their utmost to advertise and market the yacht his client is selling. He will even put up a listing in the Multiple Listing Service.http://www.yachtcouncil.com/default.aspx?did=22

To become a yacht broker, there are several requirements that one has to meet. Because yacht broker requirements differ by state, make sure to contact your state's Department of Commerce for more targeted requirements. The information below will give you a general idea of what the steps are to becoming a yacht broker. Hopefully, this page will answer some of the questions you may have.

Most yacht brokers started of as sales people working for a brokerage for several years. When entering the business of boating, it is important that you know the product that you are selling. To establish a career in this business, it is a good thing if you are a boat fanatic. Starting off as a sales person is a good way to learn the business. You have to be able to describe the ins and outs of the boats you are selling. An outgoing personality will benefit you since you will be dealing with all kinds of different people.

To become a sales person you will need to do the following:

• ■ Get licensed (if your state requires it).
• ■ Have good organizational skills.
• ■ Know the boating industry.
• ■ Be able to close deals.
• ■ Have experience selling yachts (this is a plus).
• ■ Have some knowledge of the brokerage industry. http://www.yachtbrokerjobs.com/license.html

Once you have gained several years of experience as a sales person, you can start looking to advance and become a yacht broker. Requirements for this include:

• ■ Have a minimum of a high school diploma or the equivalent.
• ■ Get licensed and bonded (If your state requires it).
• ■ Have experience selling and closing deals.
• ■ Be familiar with the yacht industry in your state and/or city.
• ■ Be detail oriented and having good organizational skills.
• ■ Have knowledge of computers.
• ■ Be able to work without much direction. http://www.yachtbrokerjobs.com/require.html

When deciding whether or not you want to advance to becoming a yacht broker, you want to know what duties and tasks you will have to perform. As a broker starting out, you should be comfortable with not making any money right away. Make sure you have enough money saved up to cover your bills for several months because you will still have to build up your contact list and build relationships with potential clients. Prepare to do some of the following tasks as a broker:

Broker for the Buyer:

• ■ The broker has to be able to provide the buyer with several options to choose from. He has to research what the client is looking for and search various sources, including the MLS for a yacht that comes closest to the buyers wishes.
• ■ The broker has to take the buyer to go see various yachts.
• ■ The yacht broker can assist in the negotiating process and negotiate on when possession can be taken of the vessel, on the financing, price and terms.
• ■ The broker has to be able to inform, assist and advise the buyer as best as possible as well as answer any questions that may come up.

Broker for the Seller:

• ■ The yacht broker has to market and advertise the seller's yacht to the best of their ability.
• ■ The broker has to bring potential buyers to see the yacht he is trying to sell.
• ■ The yacht broker should tell a seller if the vessel needs any repairs or fixing up that may improve the chances of the boat selling.
• ■ If a buyer is interested in purchasing your seller's boat, the yacht broker is the person that can go over this offer with the seller.
• ■ The yacht broker helps close the sale.http://www.yachtcouncil.com/default.aspx?did=22

Yacht brokers basically make their own schedule. Much like other businesses, you get out of it what you put into it. It's not uncommon for a yacht broker to work 7 days a week. Some expenses you will have as a yacht broker are holding a license. Since there is a fee for this, you will have to pay every two years. You will also need to be able to be reached at all times. This is where a cell phone comes in handy. Even better is a PDA which can access the Internet and can display your schedule at the push of a button. If your PDA doesn't have a camera function, you might also want to purchase a small camera to take photos of the boats when necessary. If you are active on the Internet and have set up a website on which you advertise your brokerage business, you will also have to pay hosting fees.http://www.articlesnatch.com/Article/So-You-Want-To-Become-A-Yacht-Broker/974286

The average annual salary of a yacht broker as of January 2010 has been estimated at $77,000. However, yacht brokers work on a commission. For each yacht that is sold, they receive 10% of the sales price. If you up your game and work hard, you can possibly make a lot more money. Your income will also depend on the kinds of yachts you sell. High end luxury yachts will make you more commission than average class yachts.http://www.indeed.com/salary/Yacht-Broker.htmlhttp://www.articlesnatch.com/Article/So-You-Want-To-Become-A-Yacht-Broker/974286