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Florida yacht broker surety bond. The bond is a guarantee against fraud deceit or willful negligence of principal or failure of principal to comply with the. Maryland A 20000 bond required by the Maryland Department of Natural Resources. Florida surety bond leader Surety One Inc offers this class of bond in both Florida and California where they are required by law.

The requirement for licensees to be bonded is mandated by Chapter 326004 of the Florida Statutes. The Florida Department of Business and Professional Regulation requires yacht and ship brokers to obtain a 25000 surety bond. A Florida ship yacht salesperson or broker is required to have a license and obtain a surety bond.

The required bond amount is 2500000. Follow this link if you would like to visit the Department of Business and Professional Regulation page for the Florida Yacht Broker Bond. This bond is available in 2 year term.

Florida Yacht Brokers Bonds are required by the Florida Department of Business Professional Regulation. California has a 15000 Yacht and Ship Broker bond. Which States Require a Yacht Broker Bond.

Florida Yacht Brokers Bonds are required by the Florida Department of Business Professional Regulation. Surety Bonds act as a form of financial guarantee to the clients and license regulators of the licensee. If a client is financially harmed from the unethical or illegal operation of the license holder in this case the yacht and ship broker or salesperson they can make a claim on their surety bond.

The Florida yacht broker surety bond must be in the amount of 25000 and any licensed salesperson working for the broker must provide a 10000 surety bond on Florida form DBPR YS 6000-2. Purpose of this Surety Bond The purpose of both the 10000 surety bond for salespersons and the 25000 surety bond for brokers is the same. California A 15000 bond required by the Resources Agencys Department of Boating and Waterways.