Yacht Brokers are a valuable resource to help you buy the yacht or boat of your dreams. As seasoned industry experts, they protect your interests and ensure the successful delivery of your vessel.
Should I Use a Yacht Broker to Buy a Boat?
YATCO, the Official MLS of Yachting™, works with the professional members of the yachting industry. We support yacht brokers and their effort to secure the industry’s future, which, in turn, provides buyers worldwide with the highest-quality yachts for sale on the market.
Yacht Broker Commission: What Is the Commission for Selling a Boat?
For their dedication, yacht brokers receive a commission after the yacht sale is completed, which is typically 10%. The distribution of commission between the yacht buyer representative and yacht owner representative is usually 60/40. However, on certain occasions, the yacht broker commission split is 50/50.
Yacht Broker Commissions in the Central Agreement (CA)
Yacht broker commissions are mentioned on the Central Agreement (CA) signed by the yacht owner and the yacht broker. By signing such an agreement, the yacht buyer not only has clear expectations for the purchase, but also builds rapport with the yacht broker.
Open Listing Agreements When Selling a Yacht
Open listing agreements are not an option you should consider. Since these agreements do not guarantee a broker’s efforts will be rewarded, they may not be as motivated to help you as with a signed Central Agreement.
As with any contract, it is essential you read all the conditions carefully before you sign. In some cases, under a Central Agreement, the yacht broker may receive a commission even if the yacht is not sold.
Professional yacht brokers, especially those who are members of YATCO, work very hard for their 10% commission.
Yacht owner representatives use their yacht broker commission to cover digital advertising campaigns, ongoing marketing, promotions, and other efforts focused on selling the vessel. Trust-worthy yacht brokers who are buyer representatives lead you to the best deal possible where all parties are happy.
Click here to read more reasons why you should use a professional yacht broker to buy or sell your yacht.
Contact us today to get in touch with one of our seasoned yacht experts.