What is the difference between a Florida licensed yacht and ship broker and a Florida licensed yacht salesperson?
A Florida licensed yacht and ship broker is a person who has been licensed by the Division of Florida Condominiums, Timeshares, and Mobile Homes (Division), and who, for or in expectation of compensation: sells, buys, offers, or negotiates to sell or buy; solicits or obtains listings of; or negotiates the purchase, sale, or exchange of yachts for other persons. An applicant for a broker's license must file with the Division a surety bond or letter of credit in the sum of $25,000. Additionally, a broker must maintain an escrow account in a Florida financial institution. A Florida licensed yacht salesperson is a person who has been licensed by the Division, and who is employed by a broker to perform any acts of a broker. Each salesperson's license must remain in the possession of the employing broker until canceled or until the salesperson leaves such employment. Immediately upon a salesperson's withdrawal from the employment of a broker, the broker must return the salesperson's license to the Division for cancellation. An applicant for a salesperson's license must file a surety bond or letter of credit in the sum of $10,000 with the Division.
Disclaimer: These codes may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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Who security for a broker must remain on deposit since a interval of 1 annual after he or she ceases to to a broker.
Find your cpyb.
If you want to set yourself apart, the certified professional yacht broker (cpyb) program is for you..
CPYB Certification is the mark of excellence for yacht sales professionals throughout North America.
CPYB brokers have met professional qualifications and have successfully passed a three-hour examination, testing their skills and knowledge as yacht sales professionals. If you are committed to professionalism and have what it takes, we invite you to apply.
Retaining certification ensures you stay current with industry trends.
As you know, staying competitive and successful requires a continuing commitment to educating yourself on the latest industry information and insights. That is why the basis of CPYB Recertification requires your participation in educational activities and professional involvement that help you to remain one of the most experienced brokers in the brokerage industry.
Upcoming pre-approved events, tue 26 2024, march 26, 2024 1:00pm - 2:00pm est, nyba: llc and tax exemption seminar, webinar date: march 26, 2024.
Join NYBA for a one-hour educational seminar from Fred Robinson of Robinson Law Firm, on the topic of LLCs and tax exemptions for non-resident owners. This is a great opportunity to brush up on your LLC and tax exemption knowledge ahead of the Spring Boats Afloat Show!
April 17, 2024 2:00pm - 3:00pm edt, cpyb webinar: hosted by cyba, webinar date: april 17, 2024, january 2024: recognition for new cpybs.
Join us in celebrating the new CPYBs certified in January 2024.
The Certified Professional Yacht Brokers would like to congratulate Catamaran Company CEO, Staley Weidman, on being named the Sailboat Broker of the Year 2023 by the International Yacht Brokers Association (IYBA).
WASHINGTON, DC − On November 15, 2023, the Certification Advisory Council of the Certified Professional Yacht Broker (CPYB) awarded the 2023 Dedicated Service Award to Pat Sturgeon —a CPYB and yacht broker for Pat Sturgeon Yachts in Mississauga, Ontario and Don Finkle—a CPYB and yacht broker for RCR Yachts in Youngstown, New York.
WASHINGTON, DC − On November 15, 2023, the Certification Advisory Council of the Certified Professional Yacht Broker (CPYB) awarded the 2023 Vincent J. Petrella Chairman’s Award to Brian Commette —a CPYB and yacht broker for Northrop & Johnson in Newport Beach, California.
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EFFECTIVE IMMEDIATELY: Getting Your Broker’s License Electronic Fingerprint FAQs
The State of Florida Department of Business and Professional Regulation (DBPR) Division of Florida Condominiums, Timeshares and Mobile Homes, recently added another hoop you have to jump through when applying for your yacht broker’s license. Now, the Division will accept only electronic fingerprints with your application; fingerprint cards are no longer accepted.
If electronic prints are submitted, the application fee is $500.
The DBPR provides these answers to Frequently Asked Questions about electronic fingerprinting:
1. How do I find a vendor to submit my fingerprints to the DBPR?
The DBPR accepts electronic fingerprinting services offered by Livescan device vendors that are approved by the Florida Department of Law Enforcement and listed on their website. You can view the vendor options and their contact information at www.fdle.state.fl.us/Content/Criminal-History/Livescan-Service-Providers-and-Device-Vendors.aspx. The applicant is wholly responsible for selecting the vendor and ensuring submission of the prints to DBPR.
2. What information must I provide to the Livescan vendor I choose?
You must provide accurate demographic information as well as personal identification, identify the reason for being fingerprinted, which is: “Ch. 326, Florida Statutes, Yacht Broker License” and provide the correct Origination Agency Identification (ORI) code: FL921900Z. NOTE: Failure to provide an ORI number or incorrect ORI number to the vendor will prevent DBPR from receiving your fingerprint results. Please contact the vendor in advance to confirm any other information they may require.
3. How does the electronic fingerprinting process actually work?
In the traditional method of fingerprinting, ink is applied to each of your fingers which are then “rolled” across a fingerprint card to obtain your results. With electronic fingerprinting, there is no ink or card. Your fingerprints are “rolled” across a glass plate and scanned. It is faster and cleaner than the traditional method. Electronic fingerprinting reduces the likelihood of illegible fingerprints and will reduce the overall application processing time.
4. How long will it take to have my fingerprints scanned?
It should take approximately 5-10 minutes.
5. How much does the electronic fingerprinting cost?
The total fee charged by each vendor varies. Please contact the vendor to obtain this information. The fingerprint results are usually received by the Division two to four days after your fingerprints are scanned.
6. What do I need to bring with me to the Florida electronic fingerprinting site?
All applicants will be required to bring two (2) forms of identification on the day of scheduled fingerprinting. One of the two types of identification must bear your picture and signature such as a driver’s license, state identification card or passport.
7. What should I do if I am notified by the DBPR that the Florida Department of Law Enforcement or the Federal Bureau of Investigation determined my fingerprints were illegible?
The electronic fingerprint scanning machines are equipped to determine if your fingerprints scanned successfully; however, if it is determined by the FBI that your prints were not legible, we will send you a notification letter asking you to go back to the same vendor that did your initial prints and schedule a re-roll of your prints. You may be responsible for any costs associated with the re-roll of your fingerprints as determined by the vendor.
8. Can I use my recent prints to apply for another professional license?
Your prints cannot be shared between professions or with other agencies. You are required to have separate prints for each license you are applying for.
Common Surety Bonds:
Other Options for You:
A $25,000 Yacht and Ship Broker Bond is required by the Florida Department of Business and Professional Regulation for persons or businesses that engage in the sale of yachts or ships in the state of Florida . The obligation ensures that the broker is accountable for financial transactions and complies with laws and regulations of the state.
Often times, an additional bond called a Yacht Salesperson Bond is also required for each sales individual employee acting in a sales capacity.
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The surety bond ensures that the bonded principal and all agents and employees faithfully comply with the provisions of the Yacht and Ship Brokers’ Act and all rules and regulations set out by the Florida Department of Business and Professional Regulation, Division of Florida Land Sales, Condominiums and Mobile Homes, Section of General Regulation. Further, the bond requires that the principal appropriately apply all funds received and perform all obligations and undertakings according to state statutes and laws in the conduct of business as a yacht and ship broker.
Anyone injured by fraud, deceit, or willful negligence on the part of the yacht broker or salesperson, or through the failure of the broker or salesperson to comply with the Yacht and Ship Brokers’ Act or other laws may seek compensation for damages against the surety bond.
Application is made to the Division of Florida Condominiums, Timeshares, and Mobile Homes and will generally require the following items:
Mail to: Department of Business and Professional Regulation Attn: FCTMH’s Yacht and Ship Brokers' Section 1940 North Monroe Street Tallahassee, Florida 32399-1030
Note: Individuals may not be licensed as a yacht broker prior to having been a salesperson for at least two consecutive years. Furthermore, individuals may not be licensed as a yacht broker without being licensed as a salesperson for at least two consecutive years.
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To apply for a yacht and ship broker or salesperson license, you must complete an application on DBPR FORM YS 6000-1, and submit it along with the $551 fee, a complete set of fingerprints, and an original surety bond or letter of credit in the amount of $10,000 for a salesperson or $25,000 for a broker. References:
Using the links below, you can get information on licensing requirements, check the status of an existing application, apply using a printable application, or access the online application system if available for the specific business or profession.
To become a licensed yacht broker in the Sunshine State, you must first complete a 60-hour course approved by the Florida Real Estate Commission (FREC). This course covers topics such as boat types, financing, and sales techniques.
To become a yacht broker in Florida, one must obtain a Yacht and Ship Salesperson License from the Florida Department of Business and Professional Regulation. This requires passing an examination, submitting fingerprints for a background check, and securing a bond.
Application Requirements: Applicants for yacht and ship licenses in Florida must meet specific criteria. First, individuals must be at least 18 years old and of good moral character. Second, they must complete a pre-licensure course approved by the DBPR. Third, applicants must pass a written examination administered by the DBPR.
The chicken or the egg? Unfortunately, Florida requires that all salesmen be licensed and work for a licensed broker. However, you can't get a Florida Yacht Broker License unless you've been a yacht salesmen for two consecutive years. So, you'll need to first become a salesperson if you wish to open your own brokerage.
Welcome to the Department of Business and Professional Regulation's Application Center. Using the links below, you can get information on licensing requirements, check the status of an existing application, apply using a printable application, or access the online application system if available for the specific business or profession.
Pass the CPYB exam Individuals who comply with these requirements (among several others) are eligible to obtain certification as a Certified Professional Yacht Broker from the Yacht Brokers Association of America. Alternatively E-learning courses and seminars are also helpful for developing skills.
Eligibility requirements include at least three years' experience in sales and yacht brokerage, proof of appropriate trust or escrow accounts, a history of using legal sales contracts, and possession of all necessary licenses.
2601 Blair Stone Road Tallahassee, Florida 32399-1030 At least 60 days prior to your license expiration date, the Division of Florida Condominiums, Timeshares, and Mobile Homes will mail to you a DBPR Form YS 6000-6 (Application for Yacht and Ship License Renewal/Branch Office Renewal).
A Florida licensed yacht and ship broker is a person who has been licensed by the Division of Florida Condominiums, Timeshares, and Mobile Homes (Division), and who, for or in expectation of compensation: sells, buys, offers, or negotiates to sell or buy; solicits or obtains listings of; or negotiates the purchase, sale, or exchange of yachts fo...
CHAPTER 326 YACHT AND SHIP BROKERS 326.001 Short title. 326.002 Definitions. 326.003 Administration. 326.004 Licensing. 326.005 Escrow depository, closing transactions. 326.006 Powers and duties of division. 326.001 Short title. --Sections 326.001-326.006 may be cited as the "Yacht and Ship Brokers' Act."
Take college or university classes Although some brokerages may not require a bachelor's degree in sales or a related field, consider taking postsecondary courses in sales and marketing to prepare you for this role. Even if it's not required by employers, obtaining a bachelor's degree can benefit you if you're interested in pursuing this role.
Title XXIV VESSELS Chapter 326 YACHT AND SHIP BROKERS View Entire Chapter 326.004 Licensing.— (1) A person may not act as a broker or salesperson unless licensed under the Yacht and Ship Brokers' Act. The division shall adopt rules establishing a procedure for the biennial renewal of licenses.
YACHT AND SHIP BROKERS: Add to MyFLRules Favorites: View Chapter: 61B-60. ... Application for and Renewal of Broker or Salesperson License: 11/3/2003: 61B-60.004 : Bond and Irrevocable Letter of Credit: 3/13/2002: 61B-60.005 : ... Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response ...
Of 2023 Florida Statute (including Feature Session C) Title XXIV SHIPS: Section 326 YACHT AND SHIP BROKERS: View Entire Chapter: 326.004 Licensing. — (1) A person may not act because an broker press salesperson unless approved to the Boat furthermore Ship Brokers' Do. The division shall adopt rules establishing a procedure for the biennial ...
WASHINGTON, DC − On November 15, 2023, the Certification Advisory Council of the Certified Professional Yacht Broker (CPYB) awarded the 2023 Vincent J. Petrella Chairman's Award to Brian Commette —a CPYB and yacht broker for Northrop & Johnson in Newport Beach, California. view all news.
EFFECTIVE IMMEDIATELY: Getting Your Broker's License Electronic Fingerprint FAQs. The State of Florida Department of Business and Professional Regulation (DBPR) Division of Florida Condominiums, Timeshares and Mobile Homes, recently added another hoop you have to jump through when applying for your yacht broker's license.
Instead, contact the office by phone or by traditional mail. If you have any questions, please contact 850.487.1395. *Pursuant to Section 455.275(1), Florida Statutes, effective October 1, 2012, licensees licensed under Chapter 455, F.S. must provide the Department with an email address if they have one.
You'll need a yacht broker license or yacht salesperson license issued by the state of Florida, which you can apply for using state form BPR 6000-2. To get a Florida yacht broker license , a broker must register with the Florida Department of Business and Professional Regulation and provide a $25,000 yacht broker surety bond .
Yacht owners who regularly dock in South Florida should be aware of changes in the law that recently took effect. The Boating Safety Act (BSA) aims to reduce deaths, injuries and damage from boating accidents, which have been on the rise recently. An expanded definition of "livery vessel" to include bareboat or demise charters, though the ...
Required fee. Complete set of fingerprints. Original surety bond or letter of credit in the amount of $25,000 for a broker's license. Mail to: Department of Business and Professional Regulation. Attn: FCTMH's Yacht and Ship Brokers' Section. 1940 North Monroe Street. Tallahassee, Florida 32399-1030.