Download the YBAA 100th Anniversary Logo to use in your publications, emails, and social media accounts to celebrate this association's great achievement!
Hey Brokers…do you think you are acting as a “dual agent” in your transaction; meaning representing both the seller and buyer in a transaction? You may have heard of it before, but what should you know about it? The term “dual agency” might lead you to think about double commissions, something perhaps to be excited about. But if you aren’t aware of the pitfalls of dual agency, it might cost you all your commissions, or more.
Mike Titgemeyer, CPYB, Owner of Crusader Yacht Sales, Annapolis, MD was recently re-elected for a second term as YBAA Board President, leading the association’s board of directors. The board includes eleven elected and one Honorary YBAA member yacht sales professionals from throughout the U.S.
2020 YBAA University – 100 Year Anniversary Event Education, Information and Celebration to Advance Professionalism
Last year over 160 yacht sales professionals attended the one-day event in Annapolis on July 23 and Providence on July 25. Also in attendance were YBAA U Sponsors, Partners and CPYB Sponsors who provide generous financial support for the YBAA U’s and other YBAA programs such as CPYB.
Renew your dues today to not miss out on programs and member benefits such as YBAA’s standardized Forms, low cost regional Yacht Brokerage University meetings, monthly e-Newsletters, free e-Seminars, the CPYB program, the YBAA On-Line Membership Directory, the all new YBAA and CPYB web sites, and much more.
Principals and managers should instruct their Brokers that the best course of action is for the Selling Broker to accompany the Buyer, when practical. Brokers should be considerate of other Brokers’ time when asking for courtesy showings. It is important that as much notice as possible be given in advance of a requested courtesy showing.
The obvious numbers The more people you talk to, the more business you will do. Even a blind pig finds corn. If you talk to enough people, you will eventually bump into someone who says, “I need what you have” or, “I know someone who needs what you have.”
The two-day Sail America Industry Conference (SAIC) is the place for Sailing Industry professionals to learn about new topics and trends, receive updates, and network with over 150 participants. The conference hosts speakers, workshops and panel discussions with industry leaders and colleagues.
Questions that lead to sales success
Last week, the U.S. Senate passed a spending measure called a “minibus” – a legislative package that contains multiple appropriations bills – which includes several of the recreational boating industry’s top funding priorities.
Get ready for great networking, valuable education and stimulating conversation - YBAA's 2020 University events are coming this summer
On the opening day of the 50th Annual United StatesSailboat Show, Hylas Yachts and David Walters Yachts jointly announced their new partnership and the appointment of David Walters Yachts as the brand's North American sales representative.
Known for excellent customer service and long-lasting business relationships that are more like friendships, Latitude Yacht Brokerage in Newport, RI recently celebrated our 10th year in business with a cruise on a beautiful 72’ Marlow during the Newport International Boat Show. A huge thank you to the crew of Halcyon Seas, Latitude’s charter broker Sue Gearan and Carol Kent Yacht Charters for hosting a great celebration.
Your YBAA Board of Directors and Executive Committee have been VERY BUSY! As a volunteer board sometimes change is slow and sometimes the industry shouts WE NEED CHANGE NOW! YBAA does a great job of listening to its members and makes real efforts to provide meaningful benefits and productive industry interaction. This fall we heard loud and clear from our membership that an industry change was needed and that a CHOICE was needed with regard to the MLS systems that yacht brokers utilize on a daily basis. Fast forward a few months and YBAA is pleased to announce the arrival of the YBAA MLS.
Owning a large asset, such as a vessel carries certain risks that all owners must navigate. Many boat owners have recognized the value in establishing a Delaware corporate entity to own their vessel, rather than owning it in their name personally. A properly established Delaware corporation or LLC can limit or eliminate your personal liability in the event of an accident or other litigation. Delaware courts have a reputation of reaching reasonable and fair conclusions when construing corporate laws.
Did you know that every state has a Boating Law Administrator, or BLA, that is responsible for helping to develop and shape public policy for recreational boating safety in that state? Collectively, these BLA’s form the National Association of Boating Law Administrators, or NASBLA which you may have heard of. The US Coast Guard is also an integral part of NASBLA and works with the BLA’s to ensure their state’s are following policies and guidelines, using boating grant money appropriately, and know and implement the latest boating safety regulations. NASBLA collectively gets together twice per year.
The nicest boat you will ever own! Best choice for your cruising plan! Will last 5 years! Lifetime warranty! Boat will pay for itself! What do all these statements have in common? To put it simply, these are advertisement gimmicks to help persuade a prospective buyer to purchase the boat you are selling rather than those of the competitors. We see these all the time, on tv, on the radio, internet and flyers at any boat show. Everyday we are bombarded by such advertisements that most people are immune to their effects. However, these inducements do carry legal ramifications.
Buying and selling a boat can be more complicated, problematic, and risky than a real estate transaction. Unlike real-estate transactions, only California and Florida cover vessel transactions under state laws. You can eliminate headaches by working with a qualified, reputable yacht sale professional who will help you navigate what could be a complex and difficult transaction. Read more..
Still deciding on whether to register for the 2019 YBAA U? Take a deeper look into the schedule we've prepared for each event.
Connecticut spring in-water boat show to benefit sails up 4 cancer announces 2019 show dates.
Washington State approves Yacht Broker Institute (YBI) as an educational provider, prestigious CPYB designation attained by 3 YBI Graduates
Yacht brokers, don’t be afraid to recommend to your Buyer to finance their boat or yacht purchase, as it might work to your benefit. In this financial climate, Cash is King, and financing is a way to keep your buyer’s cash in their pocket and use low interest money to purchase a boat!
The single most important decision a Buyer must make before closing on a yacht is where the yacht will be registered, as the Buyer should understand the benefits and drawbacks of each registry before making this decision. Presently, the most well-known yacht registrations are United States, Marshall Islands, Cayman Islands, St. Vincent and the Grenadines and the British Virgin Islands.