What percentage do Yacht Brokers charge?

How much commission do Yacht Brokers get?

While standard commission rate is typically 10%, there are brokerages that offer to market and sell vessels for less.

How do Yacht Brokers get paid?

How much commission does a yacht broker make? Typically, a yacht broker can make 10% commission on every sale made. Yacht brokers are usually paid a commission price paid by the seller once the boat has been sold, meaning that their salary is tied into whether or not they sell the boat and how much they sell it for.

Where do Yacht Brokers make the most money?

What are Top 10 Highest Paying Cities for Yacht Broker Jobs

City Annual Salary Hourly Wage
Norwalk, CT $80,680 $38.79
Seattle, WA $80,421 $38.66
Vallejo, CA $80,402 $38.65
Concord, CA $80,231 $38.57

Do Yacht Brokers make a lot of money?

Yacht broker base salaries could range from around $15,000 to around $30,000. This is not a large amount of money, which is why yacht brokers rely heavily on commission to make their money. Oftentimes, yacht brokers do not get a base salary and will work solely on commission.

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.

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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.

How much do yacht brokers make on a sale?

In most cases, a yacht broker is not paid a salary, rather paid solely on commission. The standard industry commission is 10% based on the selling price of the vessel. This means compensation can range from $100,000 to over $1 million per year.

How much does a yacht captain make?

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.

How do I get a job selling a yacht?

A bachelor’s degree in marketing and sales can be beneficial. You can pursue certification through the Yacht Brokers Association of America, and some states require yacht brokers to obtain a license. Employers prefer candidates with prior sales experience and a background in the boating industry.

How much do Yacht Brokers make in Florida?

How much does a Yacht Broker make in Florida? While ZipRecruiter is seeing salaries as high as $132,637 and as low as $16,474, the majority of Yacht Broker salaries currently range between $30,413 (25th percentile) to $84,481 (75th percentile) with top earners (90th percentile) making $106,446 annually in Florida.