Yacht Brokers Are Middlemen
Buying your first yacht is a very delicate and expensive investment. The need for expert advice is very apparent. Using a yacht broker for this initial investment is a very wise choice. These brokers are the experts in buying yachts. They are the special agents who act as representatives for the sale. He or she is paid on commission from the sale price of the yacht. The broker’s duties include; researching for a yacht, speaking with the sellers and acting as a middle man in the negotiations. Yacht brokers always have the buyer’s best interest at heart. They fully understand the yachting marketplace and the rules and regulations governing the industry. He will only relay to you the yacht that is the best bang for your buck.
Charter Brokers
Yacht charter brokers are brokers that specialize in the sale of fully crewed luxury yachts, smaller bare boat yachts or charter time on yachts. Usually, a yacht brokering company will employ both types of brokers, but they are completely separate in job descriptions. When purchasing a yacht only, it is the yacht broker that you will need for the sale.
Yachting Associations
The Mediterranean and Caribbean Seas are the most common bodies of water for yachting in the world for people who live in Europe and North America. It is not unusual to see hundreds of yachts at one time moored in these areas of the world. There are several organizations which help govern the yachting industry. The Mediterranean Yacht Broker’s Association (MYBA) is the organization in Europe that helps to govern the industry in Europe, and the Yacht Broker’s Association of America (YBAA) is the American equivalent. There is also The International Yacht Council. This council is a worldwide coalition of professional yacht broker associations. The members include six member associations of the Mediterranean, Florida, California, British Columbia and Northwest Yacht Brokers. The Yacht Brokers Association of America also belongs to this coalition. Researching these different associations in the locations in which you will be sailing your yacht will provide a helpful insight into the type of yacht you might need. They will also provide handy information on broker information and yacht pricing. The more information you gather before your yacht purchase will better prepare you for choosing the appropriate yacht broker. Personal references are the best route to go when choosing your broker. Once you have selected a broker, then sit back and relax for your sailing journey has just begun.