How much does a yacht broker charge?

What percentage do yacht brokers charge?

What do yacht brokers charge? Most yacht brokers tend to work on a commission basis, though every broker is different. The industry standard is around the 10% mark, which is paid by the seller. When dealing with larger vessels, such as superyachts, this figure is likely to change.

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.

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.

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How much does a yacht captain make?

The captain of a yacht typically makes between $60,000 and $150,000, depending on the size of the yacht and his/her experience. On top of that, charter yacht captains will typically earn 10-15% of the price of the charter from tipping.

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.

How much do Yacht Brokers make in Miami?

How much does a Yacht Broker make in Miami, Florida? While ZipRecruiter is seeing salaries as high as $149,079 and as low as $18,516, the majority of Yacht Broker salaries currently range between $34,183 (25th percentile) to $94,954 (75th percentile) with top earners (90th percentile) making $119,642 annually in Miami.

How much do boat brokers charge to sell your boat?

Typically a Broker or Dealer will charge a sales commission of between 6% and 10% of your boat’s eventual selling price, plus VAT. The percentage charged principally depends upon your boat’s value; the lower the boat value, the higher the percentage charged.