Yacht (boat) and ship brokerages.
Fees: Application: None; Examination: $25; License: $200; Fingerprints: $56.
Examination Frequency: Once a month in Sacramento, San Diego, and San Clemente.
Exam Locations: San Clemente, Sacramento, and San Diego.
Experience Requirement: One (1) year as licensed yacht salesman as shown on the Department's records; has owned and operated a marine business selling new and used yachts for a minimum of three continuous years; has been licensed as a broker or yacht salesperson in another state for a minimum of three continuous years.
Average Time to Process Application: 1 month.
Renewal Period: Annually.
Special License Requirements: None; however, need compliance with local license, U.S. and State tax requirements.
Comments: A $15,000 surety bond or cash deposit is required when applying for a yacht brokers license. Bond is not required for Salesperson, they are covered under the sponsoring licensed California broker.
Authority: Harbors and Navigation Code, Chapter 5, Article 2, Sections 700-740; California Code of Regulations, Title 14, Sections 7601-7623.