A yacht broker is a specialist who serves yacht sellers and/or buyers as a representative for the sale or purchase of a yacht or boat. The yacht broker is always paid an agreed commission by the seller to market the yacht for sale, field interest and inquiries from buyers, handle negotiations, attend inspection and water trial and ultimately, if successful, to attend delivery.
Most of transactions are done following MYBA rules and MYBA contracts.
A buyer’s broker may assist their client in locating and qualifying a vessel and assisting with purchase negotiations but is typically not paid a commission by buyer and instead shares in the commission paid by the seller to their broker.
These two roles are always referred to as listing broker (representing the seller and vessel) and selling broker (representing buyer).
Sergio puddu was never entitled by the seller to represent him in the sale of Mangusta 108 GAGAGRIS.