What are yacht brokers

A yacht broker is an individual who specializes in the purchasing and selling of yachts, marine finance and oftentimes, marine insurance. The main purpose of a yacht broker is to act as the “middle man” to negotiate the purchase as well as the sale of marine vessels including yachts and boats.

The role and scope of yacht brokers

Yacht brokers act as agents in the sale of a yacht, providing their specialist opinion to clients to ensure that they make the best decision based on their individual needs.

Their aim is to promote the yachts by providing a detailed description of the yacht including its condition, its history and most outstanding features. After providing a tour of the vessel, the yacht broker is responsible for negotiating the price and determining the final sale price of the vessel for their client. The broker receives a certain amount of commission from the yacht sale – that is usually predetermined to the sale of the yacht.

Following the sale of a vessel, the yacht broker is usually issued an agreed commission based on the sale price, unless the vessel is the property of the yacht broker. There are many yacht brokers available to choose from and it is important to find the right yacht broker for your needs.

When purchasing a yacht, it is imperative to seek the assistance of a yacht broker in order to ensure that the vessel is acquired in a professional and efficient manner. Moreover, it is advised to enlist the services of a professional consultancy firm that can provide you with the assistance to register and insure your vessel.