Can You Get Rich Being A Yacht Broker?

Lenny Rudow, a marine journalist with over two decades of experience, has contributed to publications such as YachtWorld, boats.com, Boating Magazine, Marlin Magazine, and Boating World. U.S. boat sales can reach up to 41 billion dollars each year, with yacht salesmen earning primarily on commissions, which can vary based on the yacht’s value and age. There are two breeds of yacht brokers: Boat Brokers and Yacht Brokers.

Becoming a successful yacht broker requires the development of various essential skills. To become a successful broker, one should immerse themselves in the industry and gain hands-on experience by working on yachts. On average, yacht brokers can earn anywhere from 50,000 to several hundred thousand dollars per year. Top-performing brokers in high-end markets can earn up to 2.5 million dollars annually, with a com rate of 4.5 to 5% resulting in an income of 120k.

A great superyacht broker must have in-depth knowledge of the new vessel and existing market, as well as relationships with clients. Burgess, a yacht broker that sells luxury boats to wealthy people, is a rewarding career that allows people with a taste for challenge and good knowledge of the marine sector to put their skills to work.

Organizing yacht charters is the most common and easiest way to make a living from your boat. The seller usually agrees to pay a commission to the yacht broker when the vessel sells (usually 10% of the boat’s purchase price).