It may also refer to a fee or commission charged by a broker.

What is the standard yacht broker commission. Commission shall be charged on the final sale price at a rate of 10 plus GST for the first 100000 minimum 4000 GST and on the following scale for the remainder. Almost all brokers list boats with the understanding of a 10 commission. Brokers sometimes contact these vendors and come to an agreement that they will receive a commission if they find the buyer.

It will depend on where you are in the countryworld length of selling season value of boats typically sold number of yachts sold. Brokers take a commission off the top once the boat has been sold. Having worked for multiple professional yacht brokerage firms for years Peters belief was that the customer will benefit the most from a yacht broker who is well supported well compensated and has the freedom to do the best job for their client.

Small boats are rarely sold by brokers since they produce too little income for the amount of time required to make the sale. Obviously if you are selling a 10000000 yacht where a commission may be as high as 300000 for the. On top of that a yacht broker typically earns around 10 commission on the sale value depending on the size of the vessel.

To pay any corresponding broker who sells the YACHT a percentage of the commission. Generally the seller agrees to pay a commission usually 8-10 per cent of the purchase price to the selling broker on completion of the sale. About 70-percent of all brokerage sales are co-brokered.

The commission can be a fixed amount or a percentage of the purchase price. 100001 to 200000 8 GST 200001 to 300000 7 GST. Commissions are usually 10 percent though that may vary depending on your boat and your location.

The process begins when the boat seller lists the yacht with a broker. System to selected yacht brokerage companies hereafter referred to as corresponding brokers. Most yacht brokers tend to work on a commission basis though every broker is different.