What is the relationship between The Moorings and the brokers who sell the boats? Find out in this article written by one of our most experienced agents.
Is it a conflict of interest that the broker works for the Moorings?
Not at all - there is a common misconception that we Brokers must own the boats because we work for the Moorings. The Brokers are agents for the owners – Brokers are hired to list, market, and sell boats for the owners.
You’ve probably heard the term “Buyer’s Broker”? The minute you contact us about purchasing we are a Buyer’s Broker, we have a responsibility to serve you and your needs. Our Brokers cannot share specifics about Buyer’s needs/ desires/ personal issues with Sellers, nor can they share the Sellers needs/desires/ personal issues with Buyers. I am very proud to work with a team of consummate professionals that love what they do.
There could be cases where the Brokers are selling a yacht that they listed - they must operate under full disclosure, and they must fairly represent both parties as required by law (as with real estate). This is not uncommon.
There are also cases where the company could actually own the boat that you’re interested in from a trade-in (for new). This is not uncommon either, many of our Moorings charter yacht owners enjoy the benefits of the charter program and keep trading in every five years. Let’s say you want to place an offer on a company owned yacht - in this case the Brokers present offers to upper level management and press for approvals. It’s no different than placing an offer on a yacht owned by an individual.
So whoever owns the yacht really doesn’t matter - the same rules and laws apply, the Broker must fairly represent both parties.
How is the broker associated with the company?
The Brokers are directly employed by the parent company of the Moorings. Brokers must be licensed and bonded and must act in accordance under high standards and ethics by the professional entities under which they are licensed.
I believe the biggest advantage by purchasing from a Moorings Broker is that they have the company contacts, and they know their product, be it Jeanneau, Beneteau, or Leopard. There’s no other team that fully understands the benefits of the Moorings “phase-out” process, a re-fit program on used boats unmatched anywhere in the world.
Where are the brokers based?
Our main office is located in Dania Beach, Florida but we also have full-time Brokers positioned in Clearwater and Tortola, BVI. We also have representation at all of our bases worldwide.
How can I get in contact with a broker?
You can reach any of our brokers by E-mail or phone, even during evenings and weekends. See all of our brokers here: https://www.mooringsbrokerage.com/about-us/our-team#1