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Does anyone know how much a Yachtworld membership is? I only realized this morning they only let brokers submit boats, and that you must be a 'member' to submit a listing. Does anyone have any more information on how that all works?
It would be pretty amazing if there wasn't a link to membership on their site.
capta said: It would be pretty amazing if there wasn't a link to membership on the site. Click to expand...
I have not asked about this in a long time, and I am doing this from memory, but I believe that you need to be a licensed broker, and that there are fee brackets based on the number of listings that you would expect to have up at any given time.
It works the same way as realty websites. Brokers pay a lot to post ads and to access their historical sales database etc. The general public can browse the ads, but if they want more they have to work through a broker. If they let just anyone post ads it would just turn into another Craigslist. Sent from my SM-G981W using Tapatalk
Yachtworld has lost it's way. I say 50/50 odds that something comes along and replaces it.
Maybe SailNet Buyers and Sellers forum?
Sailboat Listings - sailboats for sale seems to be pretty good if you know what you are looking for. However, I've noticed some really old listings. In 2010, I sold my CS 36 Merlin through Sailing Texas ( Sailboats for sale from Sailing Texas, buy or sell your sailboat, free sailboat ads. ) in 3 weeks. However, I priced that amazing boat too low. When I had listed the boat previously with a broker, he suggested a ridiculous listing price and we had no interest. Since I wanted to sell the boat at the time (though I regret selling it now), I was very happy with Sailing Texas. Facebook marketplace and eBay both have listings too. If I were in the market for a new boat, I wouldn't limit myself to Yachtworld. Just my 2¢.
Anyone can list on Boattrader.com. Problem is it's up to the seller to pull the listing when the boat sells and a lot of sellers don't do that, there are boats there that sold long ago. When I was shopping my new boat I emailed on a bunch on boattrader, never got a response from several. Probably dummy email addresses that they don't check anymore. I looked on Yachtworld, since those are brokers most all have their own site linked. I just went with the broker's sites and left yachtworld out of it. A few showed as sold on the broker's sites, then came up as sold on yachtworld a couple days later. At least Yachtworld pulls the old ones down. I think you'd probably get as good a response from boattrader, just please pull the listing when you're done.
capt jgwinks said: I looked on Yachtworld, since those are brokers most all have their own site linked. I just went with the broker's sites and left yachtworld out of it. Click to expand...
I actually found this boat on Yachtworld and watched her for some time. As the economy dipped (2009) I made my move, after several price drops. I think YW is great for keeping track of prices on specific boats.
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Business | South Florida yacht brokers hit with lawsuits…
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Business | south florida yacht brokers hit with lawsuits that claim 10% commissions violate antitrust laws.
Two newly filed federal lawsuits claim that 10% sales commissions required by South Florida’s yacht broker industry are anticompetitive and violate antitrust laws.
The claims follow an October finding by a federal jury in Kansas City, Missouri, that the National Association of Realtors conspired with brokers to artificially inflate commissions paid to real estate brokers. The ruling, and a March 15 settlement by the Realtors, is expected to radically change how homes are sold in the United States.
Both lawsuits involving yacht brokers name as defendants the International Yacht Brokers Association, based in Fort Lauderdale, the Yacht Brokers Association of America, Boats Group LLC and YATCO LLC.
Also listed as defendants in both suits are a who’s who of South Florida-based yacht brokers, including Denison Yacht Sales, MarineMax Inc., Galati Yacht Sales Inc., Allied Marine Inc., Tournament Yacht Sales LLC and Northrop & Johnson Yacht Ships, among others.
Nearly all of the defendants are headquartered in South Florida.
The most recent suit, filed on March 22, proposes a class of plaintiffs that includes anyone who listed vessels on certain Multiple Listing Services using a listing agent or broker affiliated with one of the defendants and paid a buyer’s broker commission since March 22, 2020.
The lead plaintiff in the lawsuit is Kip Lamar Snell, identified as an Alabama resident. Snell entered into an agreement with Galati to sell a 41-foot Express Cruiser Sea Ray in July 2020 and ended up paying a $12,000 commission on the $120,000 sale price, the suit states. The lawsuit lists as defendants 15 brokers and six organizations that promote the yacht trade or operate Multiple Listing Services.
That lawsuit follows one filed on Feb. 29 that proposes a class of plaintiffs that includes anyone who paid a commission to a listing broker affiliated with the defendants since Feb. 19, 2020. It lists as defendants 11 brokers and five organizations that promote the yacht trade or operate Multiple Listing Services.
The lead plaintiff in that suit is Ya Mon Expeditions, a Wyoming company that paid a “substantial broker commission” when it sold a vessel in January 2023 while represented by Tournament Yacht Sales of Tequesta.
The most recent complaint accuses the trade associations of colluding with brokers to “enforce an anticompetitive restraint that requires (sellers of pre-owned yachts and boats) to pay a brokerage fee to the buyer’s broker and a total aggregate commission fee that is inflated as a condition for selling their yachts.”
The complaint states the typical commission is 10% and is shared between the seller’s broker and the buyer’s broker under terms spelled out in Central Listing Agreements provided by the brokers associations, including the International Yacht Brokers Association and the Yacht Brokers Association of America.
Only boat brokers are able to list boats and yachts on such Multiple Listing Services as YachtWorld.com, BoatTrader.com and Boats.com, and the Multiple Listing Services will not accept listings from owners who want to sell their vessels themselves, the lawsuit states.
Yacht owners are “severely disadvantaged” if they do not list their boats for sale on the listing services, while buyers suffer because their brokers are “financially incentivized” to show boats that will earn them standard “and inflated” commission rates of 4% to 5% through co-brokerage transactions, the complaint states.
None of the defendants contacted for this story responded to a request for comment, and no response has been filed yet in either case.
Robert Allen Jr., whose Miami-based law firm Robert Allen Law represents the International Yacht Brokers Association, did not respond to emails or return a phone call.
A woman who answered the phone at the International Yacht Brokers Association said, “We have no comment on that,” and hung up after a reporter asked for her name.
Of six brokers contacted for comment about the lawsuits, only Tournament Yacht Sales responded to emails. “No comment,” the company’s response stated.
Overall commissions have increased faster than the rate of inflation in recent years as the price of larger boats and yachts have increased, according to the lawsuit that lists Snell as lead plaintiff.
The result is that boat owners pay “hundreds of millions of dollars” in inflated commissions each year, the suit alleges.
Both lawsuits allege violations of the Sherman Antitrust Act that are upheld by “brokers who should be competing with one another but, instead, cooperate with each other to the detriment of pre-owned boat sellers.”
Some brokerages represent both buyers and sellers and retain the entire 10% commissions, the suits state.
The trade associations enforce rules requiring brokers to offer their boats through a listing service and to share commissions, the suits state, adding that they can impose significant penalties on members who do not comply with their rules.
Yacht purchasers are disadvantaged by the current system, the lawsuit alleges, because their agents would otherwise negotiate for their business by decreasing their commission rates.
But buyer brokers’ commissions have remained constant despite their diminishing role, the suits state. Many buyers today find boats they are interested in purchasing through online searches and enlist the services of a buyer’s broker only after identifying the yacht they want to buy, the suits claim.
The lawsuits seek an order declaring the commission structure to be illegal, a permanent injunction outlawing what they describe as anticompetitive conduct, plus damages and/or restitution, pre- and post-judgment interest, and attorneys’ fees.
Paul Geller, an attorney for one of two law firms representing the class that includes Snell, acknowledged “parallels between the allegations relating to commissions in the real estate and yacht markets.”
In the real estate matter, the National Association of Realtors on March 15 agreed to a $418 million proposed settlement that would free home sellers from paying commissions to brokers for both sellers and buyers.
After a jury ruled for the plaintiffs in the case against the National Association of Realtors in October, numerous lawsuits were filed across the country with similar allegations, including one in December against the Florida Association of Realtors and 16 brokerages.
“At bottom, the goals of (the suit against the yacht brokers) are similar: protecting consumers by challenging what we allege to be anti-competitive conduct,” Geller said by email. “We believe in the universal truth that consumers benefit by increased transparency and the competitive pricing that results from negotiated terms, including commissions.”
Geller is a partner at Robbins Geller Rudman & Dowd LLP, which specializes in securities litigation on behalf of investors. The firm has offices in 10 cities, including Boca Raton.
Ron Hurtibise covers business and consumer issues for the South Florida Sun Sentinel. He can be reached by phone at 954-356-4071, on Twitter @ronhurtibise or by email at [email protected].
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Prepare the listing for the broker-to-broker Multiple Listing Service - When you list your boat with a YachtWorld broker, your broker may also prepare the listing for co-brokerage using the private BoatWizard MLS. YachtWorld has over 2000 member brokerage firms, with 3000 offices and 5,000 individual yacht brokers and salespeople, all of who ...
For AOL, choose My AOL. Then from that menu, choose Preferences. In the box of icons, choose WWW. In the dialog box, choose the General tab. Click Accessibility, and check the option that reads Ignore font sizes specified on Web pages. If you are using a different browser, locate Help for your browser, and then look for text size or text options.
Yachtworld charges a few hundred dollars per month for their standard basket of services. Banner ads, etc, run a little more. That one flat fee covers a broker's entire inventory, whether the firm has one listing or a couple of hundred.
Seller has a boat listed for $100k (all arbitrary numbers). His seller's broker fee is $5k. Buyer A comes along with a buyer's broker who's fee is also $5k. Buyer makes a full-price offer at $100k. Seller pays $10k in broker fees and pockets $90k. But aha, along comes Buyer B, who does not have a buyer's broker.
For further details on membership packages and additional services, please use one of the options below: » Call YachtWorld: +1 877.336.9527
Our members agree not to accept an advertising fee to promote their listings in YachtWorld. Members agree to only identify a boat as a "Central or Exclusive Listing" if it complies with the YachtWorld definition of a central/exclusive listing. All advertised boats must be accurately represented and identified.
YachtWorld (you will need to list through a Broker—and typically pay a brokerage fee—to list on YachtWorld) Craigslist; Facebook; ... Listings priced below market values will sell typically faster. If you follow the steps above, you should be in good shape to off-load your boat in no time! In a hot boating market like we are seeing in 2022 ...
Having sold a boat back in February 2008 on my own I observed: YachtWorld is the best for a yacht (i.e. sailboat over $50K) as this is where everyone looks. For a small day sailor, fishing or ski boat Ebay, CraigsList or Boattrader could work well. I really like Craigslist, but you can only post a advert in one location (i.e. Miami) making Craigslist essentially local only and not suited well ...
3 Easy Steps—in Under 3 Minutes! Boat Trader offers the most simple solution to sell your boat in one place—with a straightforward process that involves only an initial listing fee. First, select a package that fits your budget and gather photos and all necessary information. Next, build your listing in under three minutes, then start ...
YW charges us based on the number of listings. There are then additional charges for upgrades and other options. They also charge us per broker. The co-brokerage split is either 50/50 or 40/60 to selling broker. So as you can see the "big" commission on a 100k boat can quickly become 4k less all expenses.
Originally Posted by mramoo My wife and I have been looking for a boat to live aboard in the PNW for the last four years. At first it was just to see
YachtWorld contains the largest photo and video database of boats and yachts for sale. With a wide range of new boats and used boats, power boats and sailboats, YachtWorld has the largest selection of boats and yachts in the world.Boat listings on YachtWorld are provided by subscribing member yacht brokers and new boat dealers from North America and the rest of the world.
4592 posts · Joined 2012. #5 · Jan 20, 2021. It works the same way as realty websites. Brokers pay a lot to post ads and to access their historical sales database etc. The general public can browse the ads, but if they want more they have to work through a broker. If they let just anyone post ads it would just turn into another Craigslist.
I was curious what it sold for, so I checked my resources. Soldboats is available to yacht brokers and surveyors by subscription - it is listed there as selling in September, 2005 for $335,000, 84% of the asking price of $398,000. What we don't know is the original offer or what the agreed price was prior to survey.
Yachts are among the vessels seen on display in this 2019 file photo in Palm Beach County. Two new lawsuits, filed in 2024, aim to upend years-old ways of awarding commissions to brokers ...
BoatTrader.com, boats.com and YachtWorld as well as some other brands incl a few European listing services are all owned by the same parent company based in Miami, in turn owned by an investor group. 01-14-2022, 06:48 AM
Total Valuation of $2,001 to $25,000 (Fee Amount for First 2,000) Total Valuation of $25,001 to $50,000 (Fee Amount for First 25,000) $ 413.00. Plus $10.50 for Each Additional 1,000 or Fraction Thereof, to and Including 50,000. Total Valuation of $50,001 to $100,000 (Fee Amount for First 50,000) $ 675.50.
Rental listings: The agency fee of 100% is equal to a one-month rent amount of the property. 50% is a half of this amount, etc. If the agency fee is 0% - we will charge you nothing for the services. ⇒ Please, note: the apartments with a 0% fee don't include our post deal support. To get the post deal support at such options during the first ...
The former president's investment in the social-media company is worth roughly $3 billion, potentially easing his current financial struggles.
1. Why not use a flat fee. Do you really work twice as hard selling a 100K boat verses a 200K boat? Or does the 200K boats subsidize the 100K boat? Selling homes for $200K as opposed to $100K there was no difference in the mechanics of the deal.
YachtWorld contains the largest photo and video database of boats and yachts for sale. With a wide range of new boats and used boats, power boats and sailboats, YachtWorld has the largest selection of boats and yachts in the world.Boat listings on YachtWorld are provided by subscribing member yacht brokers and new boat dealers from North America and the rest of the world.
Apr 21, 2020. The city of Moscow has kicked around ideas in recent weeks to provide utility fee relief to residents and business owners who have fallen behind on their bills because of the COVID ...
Since the Membership Offer covers up to nine more listings, you can send them to the address you find in Step 4. Note the details requested in Step 2 for additional listings. Whether you have 10 or 100 or more listings, we want you to add all of them as soon as you get your password. Please provide your company information in this step.
Additional Fee for Pets. Event Space. Total number of meeting rooms 8 Total event space 625 sq m Total meeting room capacity 8 meeting rooms holding 465 people Total exhibit space 735 sq m Meeting Facilities ... Is your listing up to date? With over 225,000 hotels in our database, no other source compares to our depth of information. ...
Find Sail boats for sale in your area & across the world on YachtWorld. Offering the best selection of boats to choose from.