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12/17/2018

The Future Of Boat Sales in 2019: 5 Trends Changing the Yachting Marketplace

The boating industry has gone through the BIGGEST transformation in the last 15 years. Due to the exponential growth and dominance of the Internet, mobile devices, social media, new technologies, combined with rising customer expectations and changing buying behavior, the rules of sales and marketing have drastically changed across all markets — and boat brokers must adapt or get left behind. 2019 will be a game changing year and here are my top 5 trends and market predictions.


12/17/2018

Do I Own My Boat? How to Prevent a Buyer from Losing Title to His Boat!

Do I own my boat? A simple answer in 99% of cases. Everyone knows that once closingoccurs, title passes from the Seller to the Buyer. But what happens in those 1%?


12/17/2018

Certified Professional Yacht Brokers

Yacht Sales Professionals – YSPs (brokers, dealers, salespeople) nationwide have a benchmark for measuring their skills, abilities and performance, while enhancing their marketing value.


12/17/2018

Reassess for Success

This article was recently published in the California Yacht Brokers Association newsletter and is being provided to YBAA courtesy of CYBA.


06/01/2018

Learn Why Chris DiMillo Decided to Become A CPYB

Don't forget to like YBAA and CPYB on Facebook


03/26/2018

$70.6 Million Verdict Against Yacht Owner Underscores the Importance of Limited Liability Companies

The yachting industry is abuzz amidst the January report that a South Florida jury issued a $70.6 Million verdict against Island Girl Ltd., a Marshall Islands company that owns the Motor Yacht Endless Summer. Although the circumstances surrounding the case are now widely known throughout the industry, in summary, a crew member onboard Endless Summer was raped by another crew member. The victim sued Island Girl Ltd. for negligence in failing to provide a safe working environment among several other things.


02/27/2018

Luxury Law Group Partners with Yacht Brokers Association of America

Luxury Law Group

Luxury Law Group, is pleased to announce its partnership with the Yacht Brokers Association of America (YBAA) and sponsorship of their Certified Professional Yacht Broker program (CPYB).  Awarded only to the most qualified brokers, CPYB certification is the boating industry’s brand of excellence for yacht sales professionals throughout the United States and Canada.

02/23/2018

Understanding Marine Insurance Claims

Danielle ButlerBe prepared because during your client’s yacht ownership an incident, fire or accident will most inevitably happen. Being your client’s confidant means that when this happens, you will get a panicked call from your client looking for immediate guidance, which, is usually never Monday through Friday during business hours. As lawyers, we don’t necessarily like to think about it, but a part of our duty is to look at a situation and recognize what the worst-case scenario may look like, as we have counseled many clients through disasters and emergencies through the decades and, ultimately, predict how to mitigate or rectify the situation.


01/29/2018

Watch Out for Wire Fraud

Danielle ButlerWire fraud is ramped and simple to commit.  Wire transfer instructions are emailed to the buyer from the seller or seller’s representative. The buyer complies with the instructions to the “T”. Within hours, the seller contacts the buyer asking if the money has been sent yet. The buyer checks with their bank and is assured that the funds have been transferred out. However, when the money has still not shown up, everyone begins to retrace steps. As it turns out, the wiring instructions were bogus. The email came from an address that looked very much like that of the sellers or sellers’ representative, but it was not actually theirs and was that of a hacker.