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Regional Associations Join Forces

     Whether supporting a new certification program or offering state-of-the-art technology solutions, the International Yacht Council (IYC) is dedicated to helping yacht brokers serve their clients more effectively. Since its formation in 2000, the IYC has also become a strong advocate for the global yacht brokerage industry, representing both the interests of its six member associations and their individual broker members.

"By conducting and holding ourselves to this higher standard, we can be proud of our industry and never hold our head down."

      "Broker associations that have worked together for as long as 80 years have finally joined under one global federation-the IYC," says Walter Sea, President of the Florida Yacht Broker Association (FYBA). "By combining their experience and enthusiasm, the member associations are able to advance the worldwide interests of the yacht brokerage profession, while helping members generate more sales."

      In addition to the FYBA, the International Yacht Council includes five other not-for-profit broker associations: Yacht Brokers Association of America (YBAA), Mediterranean Yacht Brokers Association (MYBA), California Yacht Brokers Association (CYBA), British Columbia Yacht Brokers Association (BCYBA) and Northwest Yacht Brokers Association (NYBA).

      "We are a group of professional yacht brokers promoting cooperation with our fellow brokers on a level playing field with consistent and strict codes of conduct and ethics," says Michael Myers, President of the Yacht Brokers Association of America. "YBAA is pleased and excited to be a part of the IYC."

      The IYC and its member associations offer a broad range of tangible benefits to individual brokers, including a new Certified Professional Yacht Broker (CPYB) designation. For the past two years, the FYBA, YBAA and NYBA have been developing the program and testing of the first applicants began this fall. "Already the CPYB program has generated inquiries from outside the United States," says Sea, "and when fully implemented, this certification program will be widely promoted to the public."

      To make it easier to connect with brokers and their clients around the world, the IYC, through Sunrise, Florida-based Marine Solutions, offers an industry-controlled online multiple listing service for brokers through www.yachtcouncil.org, as well as the general public through www.yachtcouncil.com. These websites help assure brokers that they have accurate vessel listing information, as well as tools to better service their customers.

      Recently, Marine Solutions added a new feature to the online informational system, enabling brokers to download all of the vessel information directly to handheld portable devices. "This ability to carry an entire database, as well as update the information continuously, will enable the brokerage community to communicate on another level," says Allan Gardner, Executive Vice President and Chief Technology Officer of Marine Solutions.

      Sharing information with brokers around the world is one of the prime benefits of IYC, according to Carlo Agliardi, President of Mediterranean Yacht Brokers Association. "The basic goal of MYBA has been to raise the ethics and professionalism of our business, and IYC certainly supports that goal," says Agliardi.

      MYBA has helped its members through the sharing of listings with other members, and the development of standard contracts for purchases, sales and charters. "Use of our contracts, which are recognized by law firms around the world, leads to quicker and easier transactions because there is less discussion about the contractual terms," Agliardi says. "On top of that, we have developed a web-based charter listing system for all MYBA members."

      California was the first state to require brokers and sales personnel to be licensed and bonded, and the California Yacht Brokers Association (CYBA) goes one step further, says Jim Johnson, President. "The CYBA and the IYC promote the qualities that I feel all respectable brokers and salespeople strive for," he says. "That is to ensure that each client is treated fairly and to always maintain a high standard of ethics, while conducting the day-to-day business of a yacht broker. By conducting and holding ourselves to this higher standard, we can be proud of our industry and never hold our head down."

      The CYBA offers its members an arbitration and grievance service that has served as a model for other organizations. "We provide fair and equitable hearings in a timely manner for all parties involved," Johnson says. The association has also developed a close working relationship with the state's Department of Boating and Waterways.

      The Florida Yacht Brokers Association, like other IYC members, offers a variety of educational seminars, as well as broker-only trade shows that showcase new listings, as well as social events that let members stay in close touch with each other.

      As FYBA's Walter Sea concludes, "We educate our members on how to do business in a professional manner and to make boat buying and selling a positive experience for all involved."
For more information about the IYC and its broker associations, visit www.yachtcouncil.com.