In Florida, brokers that negotiate the sale of any vessel propelled by sail or machinery in the water that exceeds 32 feet in length, and weighs less than 300 gross tons must be licensed by the state and provide a Florida yacht broker bond. A yacht broker’s conduct is regulated by the ‘Yacht and Ship Broker’s Act, Chapter 326, Florida Statutes. The Florida yacht broker bond is a broad compliance and financial guarantee which requires that the broker conform to and abide by the provisions of the Yacht and Ship Brokers’ Act, and regulations made by the Florida Department of Business and Professional Regulation, Division of Florida Land Sales, Condominiums and Mobile Homes, Section of General Regulation. The bond further obligates the yacht broker to strictly comply with the conditions of any written contract made by him or her in connection with the sale or exchange of any yacht or ship. The Florida yacht broker surety bond must be in the amount of $25,000, and any licensed salesperson working for the broker must provide a $10,000 surety bond on Florida form DBPR YS 6000-2.
Florida surety bond leader, Surety One, Inc. offers this class of bond in both Florida and California, where they are required by law. Our special program affords access to these bonds regardless of credit and financial condition for all applicants. For more information visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email us at Underwriting@SuretyOne.com for a Florida yacht broker bond application, yacht salesperson bond, or for information on other surety bond needs.
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