Brokerage Management Articles

Yacht Broker Association Leaders (YBAL)

By Jeff Merrill, CPYB

There are seven yacht broker associations in North America. Each association is regional and independent. We share many of the same objectives and concerns and there is a common desire for each group to stay current with the fast pace of our business. Many years ago, Yacht Council was created to link the associations, but it dissolved (long story). Since then, nothing has really unified the associations, except the CPYB program, which is supported and sponsored by all seven associations.

The Dilemma of Hiring New People as a Small Business Owner

By Kevin Ralph – Yacht Broker Institute LLC

As a small business owner, who doesn’t have an “HR” Dept. how do you find, train and retain good “team members”? In the world of Yacht Brokerage, it’s one thing to find a Captain who wants to come ashore and “learn the ropes” of becoming a yacht broker. Chances are the Captain has experience with surveys and seatrials and has interacted with yacht brokers as part of his seagoing experience. He certainly knows the nomenclature of boats and the sea and how most systems work and function on a yacht – so at least there is a great foundation of understanding on which to transition into brokerage.

To Hire or Not to Hire

By Todd Lochner and Eugene Samarin, Lochner Law Firm

Every business struggles with finding good help these days. We all know what questions to ask at the interview and every business person knows who is the right fit for their shop. Yet many potential employers do not grasp the intricate web that is employee-employer relations, its implications and consequences to the business. From a business perspective, a future employee is broken down into two categories, cost (what the worker will cost the business) and revenue (what that cost will buy the business). This is step one in making any decision on whether to employ anyone in the first place. However, when hiring a person, one must also consider the legal implications upon the business as a whole.

Social Engineering & Funds Transfer Frauds

by Steve Prime, Gowrie Group Vice President

Social Engineering Fraud is a real and increasing risk to organizations of all types and sizes.  Our insurance carrier partners and our clients continue to see a dramatic increase in attempted – and successful – attacks of this type.  The hacking of personal data, devices and networks has become almost routine.  To paraphrase the FBI Director James Comey: There are two kinds of people in the US, those who have been hacked and those who have been hacked and don’t know it. 

8 Questions on the Future of the Affordable Care Act and What to Expect in 2018

Why are the insurance companies losing money and pulling out of markets? The ACA requires that all insurance companies pay out at least 85% of what they take in or the have to refund the money. The problem is many are paying out 100%, 110%, or even 120%+ of what they take in. When this happens they do not get a refund and they still have to pay back money in places where claims were good. If the ACA was making the insurance companies even a small profit they would stay in but stockholders will not accept this many losses.

8 questions on the future of the ACA (ObamaCare) and what to expect in 2018

What Are You Waiting For?

by JP Skov, CPYB, YBAA President

Recently, it came to my attention how few of us actually take full advantage of the services offered by our association, YBAA. I’m going to make an educated guess that most of you joined YBAA to advance your business. You might have joined for the educational seminars, the ability to network with your fellow brokers, the accreditation that your business gets for being part of an industry related association or for something as simple as gaining access to our professional forms. The bottom line is that by joining an organization such as YBAA you are showing the retail customer that you are a committed professional in the industry. It is my opinion that the single most important thing you can do, as a “Yacht Sales Professional,” is to acquire your CPYB certification as soon as you are eligible. The ability to pass the CPYB exam and become certified is one of, if not the most important benefit available to the members of our association. What are you waiting for?

Reflections from YBAA University, July 20, 2017, in Providence, RI

by Peter Amos, Essex Yacht Sales

How to Easily Reconnect (one on one) with 30 to 40% of your Entire Database Before the Boat Show Season

by Vincent Finetti

Comparing the YBAA and IYBA Purchase and Sale Agreements

By Christopher Anderson and Jane Schwed, Robert Allen Law

From The President

JP SKOV – Northstar Yacht Sales

What I Learned Working at the Highest-Producing Brokerage Office in the Country

by John Chapin

Are You Covered?

By Steve Prime, Vice President, Gowrie Group

Personal Protective Equipment (PPE)

Preventing Cold Stress and Cold Induced Injuries

The Gowrie Safety Report

Upcoming Events

 January 2018 
January 24, 2018

YBAA/CPYB e-Seminar

Escrow Agreements

3 CPYB Recertification Credits

February 14, 2018

CPYB Only e-Seminar

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3 CPYB Recertification Credits

February 21, 2018

CPYB Only e-Seminar

Mark Your Calendars

3 CPYB Recertification Credits

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