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Florida Yacht Salesperson Bond

Florida Yacht Salesperson Bond

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Who Requires the Yacht Salesperson Bond and Why Is It Needed?

Yacht Salespersons in Florida may be subject to a $10,000 surety bond requirement as mandated by the Florida Department of Business and Professional Regulation. The surety bond ensures that the yacht salesperson complies with rules and regulations set out by the Department and the provisions of the Yacht and Ship Brokers’ Act. A Yacht Salesperson may be eligible to upgrade their license to the status of a Yacht Broker or Employing Broker, both with the requirement of a $25,000 surety bond. Please also see Yacht and Ship Broker Bond.

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 Salesperson 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 Does the Bond Protect Against?

This surety bond provides a limited guarantee that the yacht salesperson and all agents and employees conform to all rules 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 and adhere to the provisions of the Yacht and Ship Brokers' Act. The surety bond also ensures faithful application of all funds received and performance of all obligations and undertakings made per provisions of the chapter covering broker or salesperson business conduct.

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 state application fee
  • Complete set of fingerprints
  • Original surety bond or letter of credit in the amount of $10,000 for a salesperson’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

List of Florida surety bonds.

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