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Upcoming
e-Seminars
Earn 3 CPYB Recertification Credits!
December 11, 2013
For CPYB Only
Mark Your Calendar
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CPYB Recertification Credit Opportunities
Continuing education and professional development is essential for Yacht Sales Professionals to perform their job at the highest possible level. Certified Professional Yacht Brokers (CPYB) are required to earn a minimum of 30 credit hours of continuing education / professional development every 3 years.
See the upcoming events here.
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Latent Defects, Wet Cores, Big Trouble
By J. Dirk Schwenk, Baylaw, LLC
 The worst transactions I see are the ones where the sale goes smoothly, but it turns out that there was a major hidden problem with the boat. Usually this means water intrusion in the hull or stringers. If it's an expensive fix, the buyer is going to be looking for someone who knew or should have known and everyone else is going to be running for the hills. If someone is injured or dies, it will get ugly.This article is intended to help keep brokers out of this jam, or if the problem has already started, to offer some suggestions for getting out.
Read the full article here.
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The Face Behind The CPYB Program
 Vin Petrella, YBAA & CPYB Executive Director, is featured in the November issue of Professional Yacht Broker magazine.
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YBAA Member, Gowrie Group, Adopts a Dyer Dhow and Competes in Annual Sailing Competition
 Gowrie Group, New England's renowned marine and specialty insurance agency, launched their adopted, refurbished Dyer Dhow Dinghy named "Gowrie Group" just hours before the start of the 64th Dyer Dhow Derby sailing competition at the Mystic Seaport.
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Save The Date! American Boating Congress May 5-7, 2014
Recreational boating faces legislation and regulation that impacts your business and the industry's future. That's why YBAA is a co-sponsor of the 2014 American Boating Congress (ABC), scheduled for May 5 - 7 in Washington DC. Join us to be part of the solution!
Each year, ABC brings industry leaders like you together to champion recreational boating, formulate public policy and present a unified front on issues that impact marine businesses.
In 2013, ABC attendees completed more than 250 meetings with elected officials and staffers on Capitol Hill. Elected officials listen when their constituents talk. Your voice is our most valuable asset.
Read the full article here.
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Powerboat Brokerage Sales Strong in October
By John Burnham, YachtWorld Editorial Director
This article first appeared in Soundings Trade Only Today
Sales of brokerage boats in the U.S. rose in October to 2,318 boats, a 4 percent gain compared to October 2012. Powerboat sales were the key to the increase, according to YachtWorld member brokers reporting in their proprietary database, SoldBoats.com - a total of 1,861 powerboats changed hands, an increase of 7 percent. Sailboat sales, on the other hand, decreased by 6 percent, with 457 boats sold.
The aggregate price of boats sold in October increased to $290 million, a 19 percent gain that substantially out-paced the 4 percent rise in unit sales, indicating a higher average sale price than in the previous October. The total price paid for powerboats rose 23 percent, to $253 million, lifting the average price from $119,000 to $136,000. The total price paid for sailboats declined 1 percent, to $37 million, yet the average price paid climbed from $76,000 to $80,000.
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