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Florida Yacht Brokers and Ship Salespersons Surety Bonds

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The State of Florida Department of Business & Professional Regulation, Division of Florida Condominiums, Timeshares and Mobile Homes, regulates the Yacht and Ship Brokers, Employing Broker, Yacht and Ship Salesperson licensing. The difference between the yacht salesperson and the yacht broker is that the broker has additional experience in the industry. Florida Chapter 326 of the Florida Statues, the Yacht and Ship Brokers’ Act and Florida Administrative Code Chapter 61B-60, provides details of the state regulations and licensing for yacht and ship brokers and salespersons.

Surety Bond and License Requirements:

  1. Complete the license application and pay the fee.
  2. Applicants must submit a fingerprint card for a criminal background check.
  3. Obtain a $25,000 surety bond for a yacht or ship broker or employing broker with a minimum of two years experience.
  4. Obtain a $10,000 surety bond or letter of credit is required for either a yacht or ship salesperson.
  5. Employing brokers must have a physical place of business and have an escrow or trust account.
  6. License’s run for a consecutive two-year period.

How Much Will This Bond Cost?

The premium that you pay for a Florida Yacht or Ship Employing Broker, Broker, or Salesperson Surety Bond is dependent on credit and the bond amount required and experience.

More Surety Bond Questions?

Check out our FAQ page. Should you need or choose to buy a surety bond, SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.


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