Whats a Yacht Broker?

Last Updated on October 16, 2022

A Yacht Broker is a professional who helps people buy and sell yachts. They are experts in the yacht market and can help you find the right boat for your needs, as well as assist with the negotiation and sale of your yacht. Yacht brokers also provide valuable services such as financing, insurance, surveys, and more.

If you’re thinking about buying or selling a yacht, working with a broker is a great way to get started.

A yacht broker is a professional who helps people buy and sell yachts. They are experts in the yacht market and can help you find the right boat for your needs. Yacht brokers also handle all of the paperwork and negotiations involved in buying or selling a yacht.

3 reasons WHY you need a YACHT BROKER!

What is a Yacht Broker Salary

A yacht broker’s salary can vary greatly depending on their experience, the size of the company they work for, and the location of that company. In general, however, a yacht broker can expect to earn a base salary between $40,000 and $60,000 per year. This salary range does not include any bonuses or commissions that a broker may earn.

Experienced brokers working for large companies in major metropolitan areas can easily earn six-figure salaries.

Yacht Broker Jobs

A yacht broker is a professional who assists in the buying and selling of yachts and other vessels. As with any broker, a yacht broker is responsible for representing his or her client’s best interests during negotiations. In addition to knowledge of the market, successful yacht brokers must also be experts in maritime law, finance, and boat maintenance.

Most yacht brokers work for brokerage firms that specialize in luxury vessels. These firms typically have several brokers on staff, as well as support staff such as administrative assistants and marketing professionals. The majority of transactions handled by these firms are between private sellers and buyers; however, some firms also represent charter companies and marinas.

Many yacht brokers start their careers working in sales or customer service for boat dealerships or marinas. Some may also have experience working as charter boat captains or first mates. While formal education is not required to become a yacht broker, most successful candidates have at least a bachelor’s degree in business, economics, or a related field.

In addition to strong communication and negotiation skills, brokerage firm owners also look for candidates with excellent organizational skills and attention to detail.

How to Become a Yacht Broker

If you love spending time on the water and working with people, becoming a yacht broker may be the perfect career for you! Yacht brokers are responsible for helping clients buy and sell boats. They work with both buyers and sellers to negotiate prices, handle paperwork, and ensure that both parties are satisfied with the transaction.

Becoming a yacht broker requires both experience in the boating industry and sales skills. Many brokers start out working in boatyards or marinas, where they gain knowledge about different types of boats and how to maintain them. They also learn about the boating lifestyle, which helps them understand the needs of their clients.

Sales experience is essential for success as a yacht broker –brokers need to be able to build relationships with clients and close deals quickly. If you’re interested in becoming a yacht broker, there are a few steps you can take to get started: #1: Get experience in the boating industry.

Work at a marina or boatyard to learn about different types of boats and how to maintain them. This experience will be helpful when you’re talking to clients about their needs. #2: Build your sales skills.

Take some courses or get training in sales so that you can effectively market boats to potential buyers. #3: Join an association. The International Yacht Brokers Association (IYBA) offers membership opportunities for brokers who want to stay up-to-date on industry news and best practices.

Becoming a successful yacht broker takes time, effort, and dedication – but it’s worth it if you love spending time on the water!

Yacht Broker License

If you’re interested in becoming a yacht broker, you’ll need to obtain a license. The process for doing so varies by state, but generally involves completing a certain amount of coursework and passing an exam. Once you have your license, you’ll be able to buy and sell yachts on behalf of clients.

If you’re thinking about a career in the yacht brokering business, the first thing you’ll need to do is get licensed. Depending on which state you live in, the requirements for licensure may vary slightly, but all states will require completion of some sort of education or training program before taking the licensing exam. Once you’ve met all the requirements and passed the exam, congratulations!

You are now a licensed yacht broker! This means that you can legally buy and sell yachts on behalf of clients. But remember: just because you have a license doesn’t mean that buyers and sellers will flock to your door.

It’s still up to you to build up your clientele and reputation in order to succeed in this business.

What a Yacht Broker Does?

If you’re considering purchasing a yacht, you’ll likely work with a yacht broker. But what does a yacht broker do? Let’s take a closer look.

A yacht broker is responsible for mediating the sale of yachts between buyers and sellers. They typically have experience working with different types of yachts and will be able to provide guidance and advice throughout the purchase process. When working with a buyer, the yacht broker will first get an understanding of what type of vessel they’re interested in and their budget.

They’ll then use this information to help the buyer find suitable options on the market. Once the buyer has found a few potential yachts, the broker will help arrange sea trials so that they can get a better sense of how each vessel performs. Once the buyer has decided on which yacht they’d like to purchase, the broker will work on negotiating the price with the seller.

Once an agreement is reached, they’ll also handle all of the paperwork involved in finalizing the sale. Yacht brokers typically earn commission from each sale, so their goal is to ensure both parties are happy with the transaction. If you’re thinking about purchasing a yacht, working with an experienced broker can make for a smoother and more enjoyable buying experience overall.

How Does a Yacht Broker Get Paid?

A yacht broker typically gets paid in one of two ways: a commission on the sale of the yacht, or a finder’s fee for connecting the buyer with the seller. In most cases, brokers work on commission, which is a percentage of the final sale price. The typical commission is 10%, but it can vary depending on the size and value of the yacht being sold.

In some cases, brokers may also charge a flat fee for their services. For example, if a broker helps to sell a $1 million yacht, they would likely earn a $100,000 commission. If they were working on a flat fee basis, they might charge $10,000-$20,000 for their services.

Finders fees are less common than commissions, but they can be used in certain situations where the broker has helped to connect a buyer and seller who wouldn’t have otherwise found each other. For instance, if someone is looking to buy a specific type of yacht that isn’t currently listed for sale publicly, a broker may be able to help them find an appropriate seller. In this case, the broker would typically earn 1-2% of the final sale price as their fee.

How Much Does a Yacht Broker Charge?

A yacht broker’s commission is typically 10% of the final purchase price. So, if you’re buying a $1 million yacht, the broker’s fee would be $100,000. In addition to the commission, the broker may also charge a flat fee for their services.

This fee is typically between $500 and $5,000.

How Much Do Top Yacht Brokers Make?

As of May 2018, the average annual salary for a yacht broker was $41,852, according to Salary.com. The top 10 percent of earners made more than $61,051 while the bottom 10 percent made less than $30,209. Yacht brokers typically work for yacht dealerships or marinas and help customers buy and sell boats.

Some brokers also manage charter fleets or offer other services such as financing and insurance. The best-paid 25 percent earned an average salary of $51,410 in 2018, while the lowest-paid 25 percentmade an average salary of $34,560 that same year. In 2016, there were about 1,700 yacht brokers working in the United States.


A yacht broker is someone who buys and sells yachts on behalf of their clients. They are usually experienced sailors themselves and have a good knowledge of the different types of yachts available, as well as their value. Yacht brokers typically work for a commission, which is a percentage of the sale price.