Florida Yacht Salesperson Bonds
Florida Yacht Salesperson Bond Information
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.
What does a Yacht Salesperson 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.
Getting Your Florida Business 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.
Department of Business and Professional Regulation
Attn: FCTMH’s Yacht and Ship Brokers' Section
1940 North Monroe Street
Tallahassee, Florida 32399-1030