Are you the owner of a yacht but are now wanting to sell it? Many yacht owners often wonder what the best way to sell their yacht is. One true and proven method for successfully selling a yacht is to utilize the services of a yacht broker. A yacht broker is someone who will act as a representative for the purchase or sale of a boat or yacht.
As the owner of the yacht or boat, you will be required to pay an agreed upon commission to the yacht broker once he sells your yacht. A yacht broker will field all inquiries and interest from buyers, handle all negotiations, and provide delivery of the yacht to the buyer. Therefore, a yacht broker is basically a middleman between the buyer and the seller.
There are many websites that provide yacht broker services. However, not all of these websites and yacht broker services are the same. Yacht broker websites will vary with the specific services that they provide to both the buyer and the seller. It is important to make sure that you are dealing with a yacht broker that provides both a fair commission structure and quality services.
For example, a yacht broker should have a variety of options for the buyer on his website. One of the options should be the ability to convert prices to a variety of currencies. This will allow buyers from around the world to easily see what the yacht would cost in their own currency.
A good yacht broker website would also have a detailed description of each boat or yacht that is being offered. The description should also include pictures of the boats or yacht. The website should be easy to navigate and easy to understand for people of all languages. There should also be a contact page with information of how to contact the yacht broker. Many buyers may request the yacht broker to search for a specific type of yacht or boat.
In the state of California and Florida, yacht brokers must be licensed and bonded. This is for the protection of both the seller and the buyer. Therefore, you will want to only deal with certified yacht brokers in these two states. If you are considering selling your boat or yacht on your own through media formats such as newspapers or magazines, you may want to reconsider. It is a lot more advantageous to use a certified yacht broker to sell your vessel.
CENTRAL LISTING AGREEMENTThis Central Listing Agreement defines the terms and conditions whereby MYERS YACHT SALES, LLC., hereafter called Broker agrees to manage the sale of the vessel described below on behalf of the undersigned owner/agent, hereafter called Owner.Vessel Name__________________________ Year _________Length_________Mfg. ______________________Model_______________Type ________________Hull ID #___________________________________ Doc # ___________________State Reg # ________________This agreement shall be effective for 90 days from this date and thereafter, until revoked by a 60 day written notice by either party. _____________initial Broker shall have the sole right and authority to manage the sale of the above described vessel at the Listing Price of$___________________.1. Owner agrees to deliver the vessel in good title, free and clear of liens. The usual and customary practice for examination, water trials, bottom inspections, surveys and closing the transaction shall apply.2. For securing a purchaser for the above described vessel: Upon the sale, donation, trade or exchange of the vessel, or if it is otherwise transferred or conveyed during the term of the agreement the owner agrees to pay a commission of 6% of the sale price or $2,000.00, whichever is greater. This commission shall be paid to MYERS YACHT SALES, LLC, whether the purchase is secured by Broker, or any other party, at the price and terms mentioned or at any other price and terms acceptable to the seller. Should the vessel be sold or traded after termination of this agreement, within 6 months of official notification of termination, to a party, their assigns, or controlled business entities that was procured through the efforts of Broker, or co-operating brokers, owner shall be liable for payment of the full commission. _________(initial)3. Owner agrees to provide easy access to the vessel at all times, for the purpose of showing while not in use by the owner, to refer all inquiries of brokers or other interested parties to Broker on a timely basis; to notify Broker should the vessel be moved, or temporarily not available for showing; to allow Broker to prominently display a “For Sale” sign during the term of this agreement and to replace sign, if removed during use of vessel.4. Broker agrees: to carefully inspect and secure complete information regarding the vessel, to provide local and national marketing information in regards to the value of the vessel in order to determine a market value, to direct concentrated efforts of the organization in bring out a sale, to advertise as deemed advisable, in local and national advertising venues, at not cost to the seller, to arrange for surveys, bottom inspections, sea trials, at the direction of the seller, to assist the buyer in arranging financing, to assist in the closing, to show the vessel as required, to promote the sale of the vessel through national electronic listing services, of which broker is a member in good standing.5. As owners agent, Broker is authorized to accept receipt for, and hold all money paid or deposited as a binder theron and if such deposit be forfeited by the prospective buyer, Broker may retain one half of such deposit, but not to exceed the amount of the commission, as compensation.6. Owner indemnifies and holds Broker and agents harmless against any loss, damage, theft, suit or claim arising while the vessel is being shown, handled, ferried, or in the possession of Broker, at the direction of the owner. It is specifically understood and agreed that the Broker does not assume and is not delegated, by the owner, care, custody, or control of vessel by reason of this agreement. Broker will not move the vessel from its berth without expressed approval and acceptance of these terms from the Owner.7. Owner understands that this agreement does not guarantee a sale, but it does guarantee the Broker will make and earnest and continued effort to sell the vessel until the agreement is terminated.8. In the event of any dispute, claim, questions or disagreement arising out of our relating to this agreement or the breach thereof, the parties herto shall use their best efforts to settle such disputes, claims or disagreements. To this effect, they shall consult and negotiate with each other, in good faith, attempt to reach a just and equitable solution satisfactory to both parties. If they do not reach such solution within 60 days, then upon notice by either party to the other, disputes, claims or differences shall be finally settled by the laws applicable in the State of Florida.9. Owner acknowledges having understood the terms of this agreement and receipt of a signed copy, that this document represents the entire agreement of the parties, that no other representations, warranties, guarantee of sale or promises of any kind have been made to me other than those set forth herein, and that this agreement is binding on all heirs, executors, successors, and assigns of Owner and Broker.
