Yacht Broker Bonds
What is a Yacht Broker Bond?
A Yacht or Boat Broker Dealer Bond is required for certain persons or businesses that engage in the sale of yachts or ships. The obligation generally ensures that the broker is accountable for financial transactions and complies with laws and regulation of the state. Often times, an additional surety bond called a Yacht Salesman Bond is also required for each sales individual employee acting in a sales capacity.
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