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Florida Yacht and Ship Broker Bond

Florida Yacht and Ship Broker Bond

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Who Requires the Yacht and Ship Broker Bond and Why Is It Needed?

A $25,000 Yacht and Ship Broker Bond is required by the Florida Department of Business and Professional Regulation for persons or businesses that engage in the sale of yachts or ships in the state of Florida. The obligation ensures that the broker is accountable for financial transactions and complies with laws and regulations of the state. The bonded principal and all agents and employees must faithfully comply with the provisions of the Yacht and Ship Brokers’ Act and all rules and regulations set out by the Florida Department of Business and Professional Regulation, Division of Florida Land Sales, Condominiums and Mobile Homes, Section of General Regulation. Further, the bond requires that the principal appropriately apply all funds received and perform all obligations and undertakings according to state statutes and laws in the conduct of business as a yacht and ship broker. Often times, an additional bond called a Yacht Salesperson Bond is also required for each sales individual employee acting in a sales capacity.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Florida Yacht and Ship Broker Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What is Needed to Obtain My License or Registration?

Application is made to the Division of Florida Condominiums, Timeshares, and Mobile Homes and will generally require the following items:

  • completed application (DBPR Form YS 6000-1)
  • required fee
  • complete set of fingerprints
  • original surety bond or letter of credit in the amount of $25,000 for a broker’s license.

Mail to:
Department of Business and Professional Regulation
Attn: FCTMH’s Yacht and Ship Brokers' Section
1940 North Monroe Street
Tallahassee, Florida 32399-1030

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