How much does a yacht broker charge?

The majority of yacht transactions use a percentage commission structure. The percentage is often agreed upon between the seller and the broker in advance. The most common commission for a yacht broker is 10% of the sales price.

Who is the best yacht broker?

6 top brokers give their predictions for 2018

• Burgess. With a grand total of 429 sales, 2017 was the busiest year for the brokerage market since the global financial crisis.
• Fraser.
• IYC.
• Moran Yacht & Ship.
• RJC Yacht Sales.
• Denison Yachting.

Whats a typical discount from a yacht broker?

The industry standard is around the 10% mark, which is paid by the seller.

Is a boat broker worth it?

Making an Offer on a Pre-Owned Boat – A professional broker can help you decide on a realistic offer that increases the chances of buying a pre-owned boat for a fair and reasonable price, and with the necessary elements to protect your interests.

Who pays a yacht broker?

seller
Generally, the seller agrees to pay a commission (usually 10 percent of the purchase price) to the selling broker at the closing. So even at this early stage the seller has professional representation in the transaction.

Do boat brokers split commission?

The listing broker will work with the other broker to help complete the transaction, and the two will split the commission. A commission on a yacht is typically not more than 10 percent. Often that’s split 50/50, or sometimes it’s 60/40. The boat owner/seller always pays the brokerage commission.

Where do yacht brokers live?

Brokers Know the Market On average, a boat owner jumps into the market as a buyer, seller or both around once every five years. Yacht brokers live in the market. They know what’s selling and what isn’t. They know what buyers want and what is available.

What do yacht brokers do?

A yacht broker is someone who helps you buy or sell your boat, not only sourcing possible yachts or buyers, but also negotiating prices, marketing yachts for sale, drawing up legal documents, and giving you expert industry advice.

What percentage do boat brokers get?

10 percent
Brokers take a commission off the top once the boat has been sold. The industry standard is 10 percent, although for large yachts – some say more than $1 million – the fee may be negotiable.

How do I choose a yacht broker?

There are two ways to find brokers who value your trust. As any seasoned skipper knows, you can seek out local knowledge. Prowl the docks and ask other boaters whom they have used. Look for boaters who have used a broker a couple of times and still have good things to say about him or her.

How much does a yacht captain make?

Captains of luxury yachts command a base salary well into six figures. Dependent on the length of the vessel, tenure of experience, and level of licensing yacht captain salaries range from $48,000 to over $300,000.