pop yachts sales commission

How Much Does Pop Yachts Charge? (Find Out Here!)

Are you looking for the perfect yacht? Perhaps you’re ready to sell an existing one? Whatever your needs, Pop Yachts is an excellent resource.

As the leading yacht brokerage, Pop Yachts has helped numerous customers find the perfect vessel.

In this article, we’ll discuss how much Pop Yachts charges, what their commission covers, and the benefits of working with them.

We’ll also cover what you should know before working with Pop Yachts and alternatives to consider.

So, if you’re ready to buy or sell a yacht, read on to find out more about Pop Yachts!.

Table of Contents

Short Answer

Pop Yachts charges a 10% commission on the total sale price of the vessel.

They also charge a $495 fee per boat listing and a $95 fee per advertisement listing.

Additionally, they charge a $199 fee for additional services such as professional photography and drone videos.

What is Pop Yachts?

Pop Yachts is a full-service yacht brokerage company that helps buyers and sellers easily and efficiently connect to facilitate successful yacht transactions.

With a wide array of services and expertise, Pop Yachts has the resources to make sure that every buyer and seller is able to get the best possible deal on their yacht purchase or sale.

Pop Yachts team of experienced brokers have years of experience in the industry and are dedicated to making sure that every transaction is handled with the utmost care and professionalism.

Pop Yachts offers a wide range of services to ensure that buyers and sellers have all the information they need to make an informed decision.

From helping buyers find the perfect yacht to assisting sellers in preparing their vessel for sale, Pop Yachts has the experience and knowledge to make sure that each transaction is successful.

Pop Yachts also provides the expertise to advise buyers and sellers of any potential legal issues that could arise during the process of buying or selling a yacht.

Pop Yachts charges a commission of 5-10% of the total purchase price of the yacht, which is split between the buyer and the seller.

This fee helps to cover the costs associated with marketing, advertising, and administrative costs associated with the sale.

The commission is designed to ensure that both parties are fairly compensated for their services and that the sale is completed successfully.

What Do They Charge for Yacht Transactions?

Pop Yachts is an online yacht brokerage company that helps buyers and sellers come together to make a successful yacht transaction.

They have a team of experienced professionals who understand the complexities of the yacht market and are well-versed in negotiating and closing deals.

Pop Yachts charges a commission fee of 5-10% of the total purchase price of the yacht.

This commission is split evenly between the buyer and seller, with each party paying half.

This fee helps to cover the costs of marketing, advertising, and administrative costs associated with the sale.

Pop Yachts also offers a variety of services to make the process of buying and selling a yacht easier and more convenient.

These services include helping buyers and sellers find the right boat, negotiating and closing deals, and managing the paperwork and documentation associated with the purchase.

Pop Yachts also provides assistance with financing, insurance, and other related services.

Pop Yachts understands that yacht transactions can be both expensive and time-consuming.

That is why they strive to make the process as smooth and efficient as possible.

Their team of experienced professionals will work with you to ensure that you get the best deal possible.

Their goal is to make sure that both the buyer and the seller are happy with the outcome of the transaction.

Pop Yachts is a great choice for those looking to buy or sell a yacht.

With their commission structure and services, they are able to provide buyers and sellers with an efficient and hassle-free experience.

So if youre in the market for a yacht, be sure to check out Pop Yachts and see how much they charge for their services.

How is the Commission Split?

When it comes to the commission split between buyers and sellers, Pop Yachts follows a simple formula.

The commission is split evenly, with each party paying half of the 5-10% of the total purchase price.

This ensures that the costs associated with the sale are fairly distributed between the two parties, and it also helps to avoid any potential disputes.

Pop Yachts understands that the sale of a yacht can be an expensive process, and their commission structure helps to make the process easier for both buyers and sellers.

By splitting the costs between both parties, Pop Yachts is able to provide a more cost-effective way to purchase or sell a yacht.

In addition, Pop Yachts commission structure also helps to cover the costs associated with marketing and advertising the yacht.

Pop Yachts uses a variety of methods to market and advertise the yacht, including advertising on their website and social media channels, and attending boat shows and other events.

By ensuring that the costs of these activities are shared between both parties, Pop Yachts is able to provide a more cost-effective way to purchase or sell a yacht.

Ultimately, Pop Yachts commission structure is designed to make the process of buying and selling a yacht easier and more cost-effective for both buyers and sellers.

By ensuring that the costs are split between both parties, Pop Yachts is able to provide a more affordable way to purchase or sell a yacht, while also covering the costs of marketing and advertising.

What Does the Commission Cover?

When you work with Pop Yachts to purchase or sell a yacht, you will be charged a commission of 5-10% of the total purchase price.

This commission helps to cover the costs of marketing, advertising and administrative costs associated with the sale.

These costs include the time and energy spent by Pop Yachts’ professional staff, who work hard to ensure that your yacht sale goes as smoothly as possible.

Pop Yachts’ experienced staff will take care of all aspects of the sale, from researching the market and finding potential buyers to negotiating the best deal.

They will also handle the paperwork and arrange for the transfer of funds, and any other necessary steps to complete the transaction.

Furthermore, Pop Yachts’ staff will also be available to provide advice and support throughout the entire process, giving you peace of mind that your yacht sale will be a success.

The commission that Pop Yachts charges also covers the costs of marketing and advertising the yacht.

This includes creating a listing for the yacht on multiple websites and platforms, including their own website, as well as placing ads in print and online.

This helps to ensure that potential buyers are aware of the yacht and have access to the information they need to make an informed decision.

Finally, the commission also covers the administrative costs associated with the sale.

These include verifying the boats paperwork, researching the boats history and making sure that all documents are in order.

Pop Yachts also provides assistance with insurance and financing options, if needed.

All of these services are included in the commission that Pop Yachts charges.

By working with Pop Yachts, you can rest assured that your yacht sale will be handled professionally and efficiently.

With the commission that Pop Yachts charges, you can be sure that all of the costs associated with the sale are covered, giving you peace of mind that your purchase or sale will go as smoothly as possible.

What Are the Benefits of Working with Pop Yachts?

When it comes to buying or selling a yacht, there are many advantages to working with Pop Yachts.

As a yacht brokerage company, Pop Yachts has the expertise and experience necessary to ensure a smooth and successful transaction.

Pop Yachts is also familiar with current market conditions and yacht values, which makes it easier to negotiate a fair price.

Additionally, Pop Yachts can help with all the necessary paperwork and documentation, so buyers and sellers don’t need to worry about it.

Pop Yachts also offers a range of services to make the yacht buying or selling experience easier and more enjoyable.

These include comprehensive market analysis, personalized marketing plans, expert negotiation services, and comprehensive post-sale support.

With Pop Yachts, buyers and sellers have access to a team of experienced yacht professionals who can help them through every step of the process.

Finally, Pop Yachts charges a commission of 5-10% of the total purchase price of the yacht, split between the buyer and seller.

This means that buyers and sellers don’t have to pay for these services out of pocket, making it an even more cost-effective option.

Overall, Pop Yachts provides a comprehensive and professional yacht brokerage service, which makes it the perfect choice for buyers and sellers looking to make a successful yacht transaction.

With Pop Yachts, buyers and sellers can rest assured that they’re working with experts in the field who can help them make the best decisions and get the best deals.

What Should You Know Before Working with Pop Yachts?

When it comes to finding the perfect yacht, buyers and sellers have a lot to consider.

Working with a yacht brokerage company like Pop Yachts can help make the process easier and ensure success.

Before working with Pop Yachts, it is important to understand their services and fees.

Pop Yachts is a full-service yacht brokerage company that offers a variety of services to help buyers and sellers connect and facilitate a smooth and successful yacht transaction.

They provide services such as helping buyers find the perfect yacht for their needs, assisting sellers in marketing and advertising their yacht, and providing administrative services such as paperwork and financial transactions.

One of the most important things to understand before working with Pop Yachts is their fee structure.

Pop Yachts charges a commission of 5-10% of the total purchase price of the yacht.

This commission is split between the buyer and the seller, with each party paying half.

Pop Yachts also offers a variety of other services to help make the process of buying or selling a yacht easier.

They provide buyers with access to listings of yachts for sale, offer detailed advice on financing options, and provide sellers with a comprehensive marketing plan to help maximize the value of their yacht.

Pop Yachts also provides customer support to answer any questions or concerns buyers and sellers may have.

Working with Pop Yachts can help make the process of buying or selling a yacht easier and more successful.

It is important to understand their fee structure and services before beginning the process.

By understanding Pop Yachts fees and services, buyers and sellers can be confident that they are making the best decision for their needs.

Alternatives to Pop Yachts

For those who are looking for an alternative to Pop Yachts, there are a few options available.

YachtWorld.

com is a popular online platform for yacht buyers and sellers that provides information on thousands of boats for sale.

This site also allows users to search for yachts in specific areas and features a comprehensive buyer’s guide.

YachtBrokers.

com is another popular site that offers a comprehensive search engine and helpful resources for buyers.

Both of these sites offer a variety of services, but they don’t provide the same level of personalized service that Pop Yachts does.

For those who are looking for a more personalized approach, there are a few other options.

Local yacht brokers are available in many areas, and these brokers often have an extensive network of contacts that can help buyers and sellers connect.

Additionally, many yacht clubs offer broker services, and these clubs often provide a helpful resource for buyers and sellers.

Finally, there are a few online marketplaces that provide buyers and sellers with a platform to connect.

These marketplaces often provide a variety of services, such as listings for boats for sale, classifieds, and even financing options.

These online marketplaces can be a great way to connect buyers and sellers, but they don’t provide the same level of personalized service that Pop Yachts does.

Overall, there are a few alternatives to Pop Yachts that are available to buyers and sellers looking to facilitate a successful yacht transaction.

However, Pop Yachts offers a unique level of personalized service that can help buyers and sellers connect and ensure a smooth transaction.

With a commission of 5-10% of the sale price, Pop Yachts is an attractive option for those who are looking for a reliable and experienced yacht brokerage company.

Final Thoughts

Pop Yachts is a great option for those looking to buy or sell a yacht.

They charge a commission of 5-10% of the total purchase price, which is split between the buyer and the seller, and helps cover the costs of marketing, advertising, and administrative costs associated with the sale.

The benefits of working with Pop Yachts include access to a wide network of buyers and sellers, as well as experienced brokers who can help guide you through the process.

Before working with Pop Yachts, it’s important to do your research and compare them to other yacht brokerage companies, to make sure you’re getting the best deal for your needs.

Now that you know more about Pop Yachts and their commission fees, why not check out their website and see how they can help you with your next yacht transaction?.

James Frami

At the age of 15, he and four other friends from his neighborhood constructed their first boat. He has been sailing for almost 30 years and has a wealth of knowledge that he wants to share with others.

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Largest Boat Broker in the USA

Ready to Sell Your Boat? We know you have questions. Once we receive your info, we'll give you a call.

Your privacy is guaranteed.

When we sell your vessel, you're entitled to a reduced commission of up to $500.

Your discount will be applied automatically at sign up.

Up to $500 Off Commission

"The transition only took a few days and went very smoothly. My boat is in the wind to a new owner who will be very happy with his buy. Every one at PoP Yachts that I worked with got in and got the job done. Fast and smooth! "

- Bill Miller (Aug 2020)

"The sale of my boat through POP Yachts was a no-brainer from beginning to end. Very professional. Thanks to all of you guys working as a team did it." 

- Cedric Maxwell (Aug 2020)

We come out to you for photos. You keep your boat. We'll get it sold.

POP Yachts is a division of POP Sells, LLC - Copyright 2020.  www.popyachts.com

"The staff at POP Yachts are top notch. Never seen better communication from any organization. Great job!" 

- Morris Vincent (Sept 2020)

"Pop-Yachts has sold two boats for us. They’re a very professional group and did an outstanding job. I was able to advertise both on my own in concurrence with their advertising. They sold both before I was able to do so. I highly recommend this group."

- H. T. (Dec 2020)

(855) 497-1001

Agents are standing by

for your call

Up to $500 reduced commission will be applied automatically and uses the following scale:

$250 off commission for vessels priced under $25,000 $350 off commission for vessels priced  $25,000 - $50,000 $500 off commission  for vessels priced over  $50,000

Learn How We Sell Boats Safely

In this 84-second video, you'll learn how we perfected a process for selling your vessel, safely.

 POP Yachts and RVs Mark Ellefsen 573-207-4022

Sell My Boat

POP Yachts is a boat and yacht broker. Like a real estate agent, our job is to work with buyer and seller to facilitate a professional and safe transaction.

Purchasing a boat has its own process, defined by decades of tradition. While not all transactions are alike, knowing what the typical process is beforehand will help set proper expectations and ensure your transaction is smooth, fast and safe. 

LOCAL REPRESENTATION:

We want to meet you in person, get to know your vessel, take 100+ professional photos and a video. We're going to be with you every step of the way.

BRILLIANT MARKETING:

We post your boat advertisement on 166 websites, including Boatcrazy.com, UsedBoatYard.com, Boats.com, iBoats.com, BoatBuys.com, BoatQuest.com, and on and on and on.

SECURE & SAFE TRANSACTION:

We have a fully-staffed closing department to make sure showings and survey go smoothly. We process all funds safely through escrow and we handle all the paperwork.

Below are the steps to selling your boat the POP Yachts way:

Tell us about your boat.

At this point, we're not going to gather that much information. We just need to know some basics so we can be sure we are a good match to sell your boat. We can only advertise boats where we have a local representative who can come out to photograph your boat and get to know the features and equipment specific to your vessel. Also, we don't advertise boats that are complete and total projects or boats which are under a certain price threshold for their condition.

It's pretty simple actually — if your vessel is in our area and in decent condition or better, we want to advertise it! 

Sign Our Marketing Agreement

Our agreement is straight-forward and simple. It's quick reading at two pages but, if you're not in the mood to read, here are the highlights:

You can cancel any time for any reason.

You can sell your boat on your own, at any time, and we aren't owed anything.

We won't change the advertised price without your permission.

You don't have to accept any offer, other than a full price offer.

We receive a commission only if your boat sells to a buyer we procure through our marketing efforts.

We promise we're going to do our best to sell your boat. You can take that to the bank.

Provide proof of ownership and 1 recent photo.

We're almost there — promise! Before we can start advertising your vessel, we need a couple more things.

We're going to need to prove you own the vessel, or have the rights to sell it (if owned in the name of a business/entity). This means we need to see a copy of either a Registration, Title or US Coast Guard Document. If you have it handy, you can take a picture of it with your phone and email it in.

We need at least one photo, but more is useful too. this first photo allows us to find some buyers in our database we know are actively looking for your model boat and notify them right away. we don't send notifications without at least one photo. this helps build interest so when we do upoload our 100 or more photographs, we have prospective buyers already asking for and waiting to see the additional photos..

We're also going to validate your Hull Number and run a BoatHistoryReport.com report (a $34.95 value). Everything we do is always at no cost.

NOTE: If a trailer is included in the sale, we're going to need to have documentation on file for the trailer too. 

Professional Photo Shoot

At this point, your advertisement has been published with the photos you provided however it lacks any serious amount of detail. Don't worry — we will fix that. In the meantime, we're also going to start attracting interest with the advertisement in its preliminary state so that we have buyers ready as soon as our photos and full advertisement hits the web.

Your local representative should be contacting you within a day or two. Our local reps have very busy schedules and wide areas, so it can sometimes take a week or two before a convenient time can be scheduled. This of course depends on your area, as some areas are tightly packed with representatives and we can get out to you much more quickly.

We strive to take 100 photos or more and a video (when we can). Today's buyer wants to know anything and everything before committing their time or their family's time to travel to see a boat anywhere. This used to apply mainly to an out of town buyer but, these days, many buyers will want to study all 100 photos before driving only a few miles across town. Buyers have come to know POP as the "photo people" and we like to keep it that way! 

Approve Our Advertisement

We're going to send you a list, called a "Feature List". It will be in PDF form attached to an email. This list will contain all the equipment, electronics and boat features included with the sale, including everything from the GPS unit to the water skis (if they are included). It's important you sign off on this list, as this list will become an Appendix on the Purchase & Sale Agreement when we bring you a written offer from a buyer.

This same email will ask you to click a link where you will review a high-resolution screenshot of your current advertisement and sign off electronically that you believe the advertisement is true and correct to the best of your knowledge and that all items mentioned will be included in the sale. This entire process only takes a few minutes — you can do it from any computer or smart phone. 

The Marketing Machine

At POP, we truly are a MARKETING MACHINE. If we were forced to pick only one job that we were the best at, this is it. When it comes to advertising your boat, there is no better way than through POP Yachts.

We put the advertisement for your boat on 166 websites. Compared to the typical brokerage, we tower over the competition. You could say we're aggressive, but that might be an understatement. In more than 90% of cases, one of our advertisements for your vessel will be found on the first page of Google when searching by make/model/location within just 24 hours. That's scary good!

It's all about getting your boat in as many searches on as many websites as possible. 

Handling Inquiries

It's our job to talk to anyone and everyone who inquires about your boat. This means we respond to all the phone calls, emails and texts.

Believe it or not, working online leads is an art form. Qualifying a buyer correctly and quickly, while simultaneously putting off the lowballers and blocking the scammers isn't easy.

We've gotten pretty good at our jobs! Every day we process more than 262 unique buyer inquiries. Our current average response time is 78 minutes! 

Written Offer & Negotiation

We only accept offers from buyers in written form on a valid Purchase & Sales Agreement. Requiring a buyer to put their offer in writing and sign on the dotted line is a pretty sure way to verify the buyer means business. The worst thing we could do is notify you of an offer, only to have the buyer disappear and not return our calls. Requiring all offers to be in the form of a valid contract helps mitigate that from happening.

We handle all negotiations between yourself and the prospective buyer. This covers everything from the agreed upon price to the terms and conditions that you or the buyer may wish to see in the purchase contract.

About 1 in 3 written offers finalize into a completed transaction (currently 26.86%). So, from this point, there is still some work to ensure the transaction completes successfully and your boat gets sold. 

Inspection & Closing Process

During the inspection process, the buyer may request a personal inspection, mechanical survey, engine compression test, oil analysis and/or water trial. It's not as bad as it sounds. We coordinate everything from here to make sure a time is arranged that fits everyone's busy schedules.

At this point, just about 2 out of every 3 deals will turn into complete transactions (currently 54.57%).

According to our standard Purchase & Sales Agreement, the buyer pays for any inspection or surveys however, for liability reasons while you still own the vessel, we request you (seller) captain your vessel for any water trial or provide for a captain to be available.

We're almost done. If the prospective buyer likes what they see, they'll sign and return to us the Acceptance of Vessel document. If the buyer backs out after this point, they forfeit their deposit, so nearly 100% of deals proceed once this document has been signed. 

Delivery to Buyer

We're almost there! At this point, we would ask you to find any and all manuals, documentation, service records, and anything else you have regarding your vessel. Once you have these, please secure them somewhere inside the vessel for the new buyer.

Please gather all keys for the vessel (including any cabin keys) and hand them to the POP rep or to the new buyer directly. The buyer may alternatively send a ground shipper to pick up the vessel.

That's it — the sale is done! Are you ready to go shopping for your next one? 

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Is POP Yachts a Scam? Why Many Believe it Is

In its own words, POP Yachts is a boat broker. Otherwise, its version of an About Us page is filled with the kind of information that most people would expect, which is to say, a description of what it does as well as how it does it but touched up to make it as presentable as possible. Something that isn't particularly uncommon for business websites to say the least. However, if interested individuals choose to look further using search engines, chances are good that they will turn up further web pages on other webpages with much more unpleasant things to say about the boat broker. Due to this, it is perfectly natural for them to wonder whether POP Yachts is a scam or not.

Is POP Yachts a Scammer?

Unfortunately, there is no simple and straightforward method for telling when a business has crossed the line from being a poor provider of products and services to being a straight-up scam. There are plenty of places where people have posted complaints about POP Yachts. For proof, look no further than the Better Business Bureau , which has provided it with a B- rating based on a total of 11 complaints. Furthermore, it is important to note that the Better Business Bureau has listed a 3-star review based on an aggregate of the customer reviews that have been submitted to it. Curiously, these reviews are either very good or very bad with few reviews that are in-between, which could be interpreted to mean that POP Yachts customers either have very good or very bad experiences. This is further supported by what people have said on various boat forums, which show a fair amount of negativity mixed in with some pretty positive comments.

As for the exact nature of the complaints, they are wide-ranging in nature rather than focused on one or even a small number of issues. In some cases, people complained about POP Yachts representatives misrepresenting the truth, which is a serious warning sign for obvious reasons. In other cases, complaints ranged from the poor attitude of POP Yachts representatives to a lack of response on the part of the boat broker and over-aggressiveness in their attempts to convince boat owners to sell through them. Based on this, it seems reasonable to say that POP Yachts has some serious issues, particularly since the range of reviews posted on a number of websites make it clear that this isn't just one or two customers who are dissatisfied by their interactions with the boat broker.

Moving on, it is curious to note that POP Yachts claims to be one of the best businesses of its kind when measured using the reviews posted on Trustpilot.com . For those who are unfamiliar with that particular name, Trustpilot.com is a review website where customers can post reviews about the businesses that they have interacted with. Perhaps unsurprisingly, online review sites are filled with dishonest reviews, which are the inevitable outcome when there are such strong incentives at work without the corresponding barriers set up to prevent people from acting upon them. However, Trustpilot.com is particularly concerning because KwikChex has turned up actual examples of fake reviews on its website, which isn't helped by the fact that the website lets its premium users filter the reviews that interested individuals see without any indication that said reviews have been filtered. Combined, these facts don't exactly inspire a great deal of confidence in what Trustpilot.com has to say on the matter, particularly when there are so many other complaints on other websites that contradict the substance of this particular claim.

Summed up, there is no simple and straightforward method for determining whether POP Yachts is a scam or not. When one considers the fact that it has been in business for years and years, it seems probable that it isn't a scam so much as a business that hasn't been very good at satisfying a substantial number of the customers that it has interacted with. However, whether POP Yachts is a scam or not probably isn't actually that interesting for most consumers out there. Instead, what most of them are really interested in is whether POP Yachts can be trusted to provide them with their desired service or not, in which case, the answer is at best a "maybe, maybe not." Suffice to say that this isn't what anyone would consider to be a stirring endorsement, meaning that interested individuals might want to look elsewhere. Something that is particularly true because there isn't exactly a shortage of other service providers that can help them with whatever it is that they are looking for in this regard.

How Can You Tell that Something Is a Scam Anyways?

In any case, interested individuals might want to look into the various ways that they can pick up on something being a scam, which should help them avoid a wide range of potential pitfalls. Generally speaking, interested individuals should be suspicious of anything that sounds too good to be true. In fact, they should be suspicious of anything that is making them rush into a decision because that reduces the chances of them making a cool, reasoned-out choice that is in their genuine best interests. Under this light, something that sounds too good to be true is suspicious because it seems designed to encourage them to rush into a decision instead of thinking about it. Similarly, if someone is getting a lot of pressure from the representatives of a business into making a decision, that tends to be rather suspicious as well, though to be perfectly fair, it is possible that they are just pushy salespeople rather than scammers seeking to pressure consumers into making a bad decision.

Besides this, there are various other things to watch out for. For instance, a business that hasn't existed for very long time is very suspicious because they are a complete and utter unknown, meaning that it is best to look elsewhere. Likewise, if a business has no physical presence at the place that they are claiming, that is even more suspicious. Fortunately, the Internet makes it easier for people to communicate than ever before, meaning that if people are interested, they should have no problems finding more information on how to pick up on potential problems.

Written by  Allen Lee

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Empowering Legal

Pop Yachts Lawsuit: Navigating Legal Waters in Boat Sales

• September 15, 2023 August 15, 2023

The Pop Yachts lawsuit has captured the attention of both seasoned boat sellers and first-time buyers. In essence, it involves allegations of misrepresentation, breach of contract, and other legal issues related to boat sales facilitated by the prominent brokerage, Pop Yachts. As we delve deeper into this article, we will navigate through the various aspects of this lawsuit, understanding its implications for the industry.

Table of Contents

1. Pop Yachts Lawsuit Overview: What Went Wrong?

The saga began when disgruntled customers raised concerns about misleading information provided by Pop Yachts’ brokers. These allegations range from inaccurate descriptions of boat conditions to questionable pricing strategies. The lawsuit serves as a reminder of the importance of transparency and accuracy in the boat-selling process.

2. The Legal Landscape of Boat Sales: A Complex Terrain

Navigating the legalities of boat sales can be as challenging as sailing through uncharted waters. Various regulations, including the Uniform Commercial Code (UCC), impact the sale of boats, emphasizing the significance of understanding the legal framework before entering into transactions.

3. Misrepresentation Claims: Separating Fact from Fiction

Misrepresentation lies at the core of the lawsuit, with plaintiffs contending that they were provided false information about the boats they purchased. This underscores the need for clear and truthful communication between sellers, brokers, and buyers to avoid legal entanglements.

4. Breach of Contract Allegations: Fulfilling Promises

Allegations of breach of contract emphasize the importance of upholding commitments made during the boat sales process. Buyers rely on accurate representations, and when these promises are not met, legal action can ensue.

5. Navigating Documentation: Bill of Sale and Beyond

Proper documentation is the anchor of any legal transaction. This lawsuit highlights the significance of well-drafted contracts, bill of sale, and other paperwork to ensure a smooth boat sale process and to safeguard all parties involved.

6. Learning from the Pop Yachts Lawsuit: Tips for Buyers and Sellers

Tips for buyers:.

• Thoroughly inspect the boat’s condition before finalizing the purchase.
• Request detailed documentation and verify information provided by the seller or broker.
• Consult legal counsel for complex transactions to ensure your rights are protected.

Tips for Sellers:

• Provide accurate and transparent information about the boat’s condition.
• Avoid making exaggerated claims that could lead to future legal disputes.
• Consider involving legal professionals when crafting contracts and agreements.

7. Industry Repercussions: Ripples in the Boat Sales Market

The waves created by the Pop Yachts lawsuit are being felt throughout the industry. Stakeholders are now more attuned to the legal aspects of boat sales, prompting brokers and sellers to prioritize honesty, accuracy, and compliance with regulations.

8. Legal Resolution: Court Proceedings and Settlements

As the lawsuit unfolds, it’s important to keep an eye on the legal proceedings. Whether it culminates in a court trial or a settlement, the outcome will likely shape the future dynamics of boat sales and the responsibilities of brokers.

9. The Role of Consumer Reviews: Empowerment through Feedback

Online platforms and customer reviews have played a significant role in shedding light on the alleged issues surrounding Pop Yachts. Consumer feedback serves as a powerful tool to hold businesses accountable and inform potential buyers.

10. Understanding Brokerage Agreements: Terms and Considerations

Brokerage agreements are fundamental to boat sales transactions. This section explores key elements of such agreements, including commissions, responsibilities, and potential liabilities for both brokers and sellers.

11. Securing Financing: Legal Implications and Considerations

The financing aspect of boat sales can also have legal implications. Understanding loan terms, interest rates, and repayment obligations is crucial for both buyers and sellers to avoid financial disputes.

12. The Future of Boat Sales: Lessons Learned

The Pop Yachts lawsuit has cast a spotlight on the importance of ethical practices and transparency in boat sales. This experience serves as a catalyst for positive change, driving the industry towards greater accountability and professionalism.

FAQs about the Pop Yachts Lawsuit

Is the pop yachts lawsuit limited to a specific region.

No, the lawsuit’s impact spans across various regions where Pop Yachts operates. It has attracted attention from boat enthusiasts and industry stakeholders nationwide.

Can individuals involved in the lawsuit seek compensation?

Yes, individuals who have suffered financial losses due to alleged misrepresentation or breach of contract can pursue compensation through legal channels.

How has the lawsuit affected Pop Yachts’ reputation?

The lawsuit has sparked discussions about ethics and transparency within the company, potentially influencing Pop Yachts’ reputation in the industry.

Are all boat sales subject to similar legal challenges?

While not all boat sales result in legal disputes, the lawsuit highlights the importance of adhering to legal and ethical standards to avoid potential challenges.

Can legal experts assist in preventing such disputes?

Absolutely, legal professionals specializing in maritime law can offer valuable guidance to both buyers and sellers, helping them navigate the complex legal landscape of boat sales.

What lessons can the industry learn from this lawsuit?

The lawsuit underscores the significance of accurate representations, clear communication, and adherence to legal regulations in the boat sales process.

Conclusion: Smooth Sailing Ahead

In the wake of the Pop Yachts lawsuit, the boat sales industry stands at a crossroads. By learning from the legal challenges faced and embracing transparency, honesty, and professionalism, stakeholders can steer the industry towards a brighter and more trustworthy future.

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Pop Yachts - brokers or scammers?

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I see their listings plastered all over Ebay and at times on CL - the boats tend to be older and all are overpriced for the Florida market - in the body of each ad is a come-on for people to join their brokerage to sell boats - pretty tacky. Just curious if anyone has bought or sold a boat through them ?- they do at least provide lots of pictures  

I bought one thru them, out of state, and it was a good experience. No games, straight forward.  

I recently inquired about a boat that POP Yachts represented. The broker that contacted me had the customer skills one would usually stereotype with a used-car salesman. In general, the broker did several things to piss-me-off. I told him that my interest in this boat or any other boat that POP Yachts represent is gone. I will not deal with them again.  

I looked at one they had listed. Broker was friendly and helpful. I ended up not purchasing the boat but I had no issues with POP Yachts I'm guessing the experience varies from broker to broker.  

My complaint is that you have to register before you can even look at all of the photos. I'm a potential buyer and you're going to force me to register before you'll even show me what you have for sale!?! Give me a break!!! That's just stupid. Imagine how long Walmart would have stayed in business if, when he opened the first one, Sam Walton had stood at the door with a clipboard and said, "You can't come in and look around until you let me collect some information about you." Sadly, PopYachts is not the only one that does this sort of thing. It just amazes me that there are business people out there who are so completely brain-dead that they think -- just because it's the internet -- it is okay to throw roadblocks in front of potential customers who want to get some information.  

denverd0n said: My complaint is that you have to register before you can even look at all of the photos. I'm a potential buyer and you're going to force me to register before you'll even show me what you have for sale!?! Give me a break!!! That's just stupid. Click to expand...

You mean like. Mmm. Costco. ......  

No. Not like Costco. Unless they've changed their policy in the last few years, Costco will let you come in and look around without joining. You can check prices, browse through the whole store, and so on. Only when you decide that you want to buy something are you then required to join. If PopYachts followed that sort of policy I would have no complaints. But PopYachts won't let you browse around -- they won't let you see the pictures of the boats they have -- until you register. That is stupid. Just plain STOOOPID!  

I believe that each POP Yachts broker has the latitude to set their own policies for dealing with customers. Many salespeople feel that you have entered a series of transactions and negotiations from the minute that they pick up the phone; I'll do something for you only if you do something for me. I used to be in sales training, and I recognize the behavior. Before I made a 5-hour car trip to see a boat, I asked the POP Yachts broker for the HIN of the vessel I was interested in. He flatly refused, explaining that he thought that I would use it to identify the seller, and cut him out of his commission. He stated that he would provide the HIN and answers to other questions that I had after I signed a contract to buy the boat. I found this unacceptable and lost interest in dealing with either him or POP Yachts. Shortly thereafter I was contacted by another POP Yachts broker who sent me a link to where I could get a free copy of a "Carfax for boats" that had been done on that vessel. I never looked at it, because I had moved on.  

eherlihy said: ......explaining that he thought that I would use it to identify the seller, and cut him out of his commission....... Click to expand...

I had a bad experience with a PopYacht broker. I will never even look at one of their listings again.  

One question for you all who have recently dealt with POP Yachts. When I was looking 2+ years ago it seemed to me that they were claim jumping for sale listings. As in they were listing boats for sale that were not actually listed with them...in an effort to get you to work with them to buy a boat. Have any of you come across this??  

SV Siren said: One question for you all who have recently dealt with POP Yachts. When I was looking 2+ years ago it seemed to me that they were claim jumping for sale listings. As in they were listing boats for sale that were not actually listed with them...in an effort to get you to work with them to buy a boat. Have any of you come across this?? Click to expand...

d0n- "you're going to force me to register before you'll even show me " I expect that is just one more example of a company (in this case, the parent company itself) trying to monetize everything, gathering up your demographics to sell them. Someone is willing to pay them for every "potential boat buyer" they can name, and when you sign up...you've been datamined. So, step right up and join the game, send the emails to your favorite local FCC chairperson or other deserving entity. Heck, its only karma, right?(G) They seem like an "MLS" for people who want to be self-employed boat brokers. You find a boat someone is selling, copy it to your PY account...and if you're lucky, get a split. Or something to some similar effect, from what I've seen. And just like real estate brokers (who aren't "Realtors®") hey, if the broker is on their toes...all the same to the buyer, right?  

hellosailor said: I expect that is just one more example of a company... gathering up your demographics to sell them. Click to expand...

I contacted them a couple years back about a boat and had a good experience with the broker I dealt with. Did not get past the offer stage. They use a marketing automation system for ongoing marketing (which I don't see a lot of in this industry) which is the reason for the quicker push to collect an email address (my opinion from looking from the outside in). I got the feeling they are more of an "association" type of arrangement selling leads to various brokers.  

I don't think I'd call Popyachts itself a "scam". They are more like the real estate MLS, or Amazon, ebay, Alibaba, and every eastern bazaar. It seems pretty much that anyone can sign up, use the Popyachts "umbrella", and then proceed to try posting and selling pretty much anything--without being bothered by things like having or needing a broker's license or other professional oversight.  

No, nothing like an MLS. Yachtworld is the MLS and Popyachts was banned from there. So the answer to the original question is a resounding "YES!!". They supposedly had a boat in Maine for sale, broker was in FL. This was a couple years ago. They kept harvesting and harvesting my info. But would never tell me where the boat was. Supposedly in "Saco, ME." It was a lie. Too good to be true. They steal Craigslist photos and post them themselves, then approach the seller and try to get a commission. They charge fees to buyers, etc., etc. Absolutely no ethics. Now there's a new one that comes after you through Craigslist offering "free FSBO postings," then torments you by phone until you pay them $300.00. I offered to provide the guy's number to the Maine Attorney General's office and never heard from him again.  

POPYACHTS is a scam. Here is what I think they do. They look for boats on Craigslist and ebay and contact the seller and get them to agree to have them represent their boat. They then mark up the original seller price 2X and then make a really flashy ad on Ebay and Craigslist hoping to get you to over pay for the boat. How do I know this? I had been watching a boat in the Pittsburgh area. It had been listed for a long time on craigslist locally. This ad stood out because the seller was listing it as a Chris Craft Baja. Two manufacturers that were never related. The boat was also a wreck and had been sitting out for a long time. One day while looking at local ebay ads I saw the same boat and same pics listed by POPYACHTS. The ad was glowing and misrepresented the actual condition of the boat. I contacted the POPYACHTS broker regarding the boat. They got back to me. When I said why was the boat listed locally for a price that was half of what they were listing it for. He then became angry with the question and said owners can list them locally for what they want. So I am not actually sure if the local owner was even aware that their boat was listed on ebay. I suspect not. I would say, if you are consider a boat listed by POPYACHTS to search for the boat locally and do the deal with the owner and cut out mark up of the middle man. Pretty sleazy company in my opinion. I suspect any positive reviews are made up by the company. I would avoid.  

Every time an add for a POP yachts boat comes up there is an add for Seatow on the page. what is that telling you.  

Tells me seatow buys promotion ads.  

Ya. you are going to buy adds where your customers are, tells me they get a lot of business from POP 's customers  

Brokers or scammers? Maybe a little of both. I really hate to give up my information, or have to speak with a broker, just to look at photos of a boat online.  

Free 1 yr seatow low level membership  

It could also be that the self-employed "local representatives" were scamming both the owners AND Popyachts by putting the boat on ebay without the knowledge of either. Popyachts makes it clear that they are only going to take a 10% commission. But like the Uber drivers who rudely embarrass Uber...the contractors might be up to anything else.  

Curiously, I just got an email from a Pop Yachts scammer broker in Bradenton, and the boat is on Craigslist in Maine. Wanted to get my phone number so he could "call and explain the process." Said he wanted to market the boat and charge any fees to the buyer. So, Shane, the answer is a resounding "NO." There's a reason (I told him) Pop Yachts is banned from Yachtworld. I also warned him if he ripped and represented my photos in any way, I'd be calling both the Maine and Florida Attorney General's offices.  

It might be worth contacting Popyachts about this guy. THEY may not want to be affiliated with him either. Their basic concept, to have a wide listing service other than YW, and to provide "local brokers" to make it different from just a laundry list, isn't so crazy. But if they are not vetting the "local brokers"... Well, even Youtube has been having problems cancelling pedophile accounts, and Amazon can't seem to get rid of the counterfeiters. Scams appear wherever there's money to be stolen. Ergh, made.  

No to contacting Pop Yachts about anyone. The business model is the problem. They rip photos off FSBO's, then try to claim a commission. They got booted from YW for a reason. I mean, how BAD do you have to be to get kicked out of the only multiple listing service for yacht brokerage in the U.S.?  

I don't know why (or for sure if) YW kicked them off, but since the Popyachts operation would seem to be a competitor to YW, not just a simple brokerage, that in itself would be reason to kick them off regardless to any questions of misbehavior. Very few businesses, including hobby web forums that depends on viewers and advertisers, allow competitors to set up camp on them. If PY is doing all that you say they are, a complaint with the FTC might get them shut down. Ripping off other people's photos and "trying to claim a commission" when there was no prior arrangement would violate numerous laws and probably qualify for prosecution under RICO as well. Which would make them a great target for any federal agency, assuming that's what has been going on.  

So, I haven't seen anyone on here from the seller perspective...and while every situation is different, I seriously doubt POP is advertising and trying to sell boats at 2X the seller's asking price. Why do I know this? Because I am selling my boat through POP and they are advertising less than 10% higher and that is their commission. Again, just a different perspective from the seller's side of the story.[/QUOTE]  

Cappa said: So, I haven't seen anyone on here from the seller perspective...and while every situation is different, I seriously doubt POP is advertising and trying to sell boats at 2X the seller's asking price. Why do I know this? Because I am selling my boat through POP and they are advertising less than 10% higher and that is their commission. Again, just a different perspective from the seller's side of the story. Click to expand...

it looks like a scam  

Everyone's experience may be different, but I find the listings annoying and basically click bait. We did contact a POP Yachts sales agent about a boat, and when we met to see the boat it was clear that he knew nothing about it, and probably had never met the owner. I can usually find a listing for the same boat on multiple sites so I usually favor the more legit, local agent.  

That's what they do. For example, a recent Dyer 29 (nice little downeaster ********) was on the local Craigslist for $75,000.00. I think the actual listing broker (who had a legitimate listing) and the owner got wind of it and it was taken down. The number to call, for a Maine boat, was in Florida. Same number as I called a few years ago for a Pearson 365 that looked great and was claimed to be in Saco, Maine. I called the boatyards in Saco, asked around and the boat didn't exist. Click bait. When I called, they had to "coordinate with the owner." It dragged out awhile and then other P365's were offered. Scam. I also researched complaints against them. There were a lot, overcharges, etc., etc.  

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South Florida yacht brokers hit with lawsuits that claim 10% commissions violate antitrust laws

T wo newly filed federal lawsuits claim that 10% sales commissions required by South Florida’s yacht broker industry are anticompetitive and violate antitrust laws.

The claims follow an October finding by a federal jury in Kansas City, Missouri, that the National Association of Realtors conspired with brokers to artificially inflate commissions paid to real estate brokers. The ruling, and a March 15 settlement by the Realtors, is expected to radically change how homes are sold in the United States.

Both lawsuits involving yacht brokers name as defendants the International Yacht Brokers Association, based in Fort Lauderdale, the Yacht Brokers Association of America, Boats Group LLC and YATCO LLC.

Also listed as defendants in both suits are a who’s who of South Florida-based yacht brokers, including Denison Yacht Sales, MarineMax Inc., Galati Yacht Sales Inc., Allied Marine Inc., Tournament Yacht Sales LLC and Northrop & Johnson Yacht Ships, among others.

Nearly all of the defendants are headquartered in South Florida.

The most recent suit, filed on March 22, proposes a class of plaintiffs that includes anyone who listed vessels on certain Multiple Listing Services using a listing agent or broker affiliated with one of the defendants and paid a buyer’s broker commission since March 22, 2020.

The lead plaintiff in the lawsuit is Kip Lamar Snell, identified as an Alabama resident. Snell entered into an agreement with Galati to sell a 41-foot Express Cruiser Sea Ray in July 2020 and ended up paying a $12,000 commission on the $120,000 sale price, the suit states. The lawsuit lists as defendants 15 brokers and six organizations that promote the yacht trade or operate Multiple Listing Services.

That lawsuit follows one filed on Feb. 29 that proposes a class of plaintiffs that includes anyone who paid a commission to a listing broker affiliated with the defendants since Feb. 19, 2020. It lists as defendants 11 brokers and five organizations that promote the yacht trade or operate Multiple Listing Services.

The lead plaintiff in that suit is Ya Mon Expeditions, a Wyoming company that paid a “substantial broker commission” when it sold a vessel in January 2023 while represented by Tournament Yacht Sales of Tequesta.

The most recent complaint accuses the trade associations of colluding with brokers to “enforce an anticompetitive restraint that requires (sellers of pre-owned yachts and boats) to pay a brokerage fee to the buyer’s broker and a total aggregate commission fee that is inflated as a condition for selling their yachts.”

The complaint states the typical commission is 10% and is shared between the seller’s broker and the buyer’s broker under terms spelled out in Central Listing Agreements provided by the brokers associations, including the International Yacht Brokers Association and the Yacht Brokers Association of America.

Only boat brokers are able to list boats and yachts on such Multiple Listing Services as YachtWorld.com , BoatTrader.com and Boats.com , and the Multiple Listing Services will not accept listings from owners who want to sell their vessels themselves, the lawsuit states.

Yacht owners are “severely disadvantaged” if they do not list their boats for sale on the listing services, while buyers suffer because their brokers are “financially incentivized” to show boats that will earn them standard “and inflated” commission rates of 4% to 5% through co-brokerage transactions, the complaint states.

None of the defendants contacted for this story responded to a request for comment, and no response has been filed yet in either case.

Robert Allen Jr., whose Miami-based law firm Robert Allen Law represents the International Yacht Brokers Association, did not respond to emails or return a phone call.

A woman who answered the phone at the International Yacht Brokers Association said, “We have no comment on that,” and hung up after a reporter asked for her name.

Of six brokers contacted for comment about the lawsuits, only Tournament Yacht Sales responded to emails. “No comment,” the company’s response stated.

Overall commissions have increased faster than the rate of inflation in recent years as the price of larger boats and yachts have increased, according to the lawsuit that lists Snell as lead plaintiff.

The result is that boat owners pay “hundreds of millions of dollars” in inflated commissions each year, the suit alleges.

Both lawsuits allege violations of the Sherman Antitrust Act that are upheld by “brokers who should be competing with one another but, instead, cooperate with each other to the detriment of pre-owned boat sellers.”

Some brokerages represent both buyers and sellers and retain the entire 10% commissions, the suits state.

The trade associations enforce rules requiring brokers to offer their boats through a listing service and to share commissions, the suits state, adding that they can impose significant penalties on members who do not comply with their rules.

Yacht purchasers are disadvantaged by the current system, the lawsuit alleges, because their agents would otherwise negotiate for their business by decreasing their commission rates.

But buyer brokers’ commissions have remained constant despite their diminishing role, the suits state. Many buyers today find boats they are interested in purchasing through online searches and enlist the services of a buyer’s broker only after identifying the yacht they want to buy, the suits claim.

The lawsuits seek an order declaring the commission structure to be illegal, a permanent injunction outlawing what they describe as anticompetitive conduct, plus damages and/or restitution, pre- and post-judgment interest, and attorneys’ fees.

Paul Geller, an attorney for one of two law firms representing the class that includes Snell, acknowledged “parallels between the allegations relating to commissions in the real estate and yacht markets.”

In the real estate matter, the National Association of Realtors on March 15 agreed to a $418 million proposed settlement that would free home sellers from paying commissions to brokers for both sellers and buyers.

After a jury ruled for the plaintiffs in the case against the National Association of Realtors in October, numerous lawsuits were filed across the country with similar allegations, including one in December against the Florida Association of Realtors and 16 brokerages.

“At bottom, the goals of (the suit against the yacht brokers) are similar: protecting consumers by challenging what we allege to be anti-competitive conduct,” Geller said by email. “We believe in the universal truth that consumers benefit by increased transparency and the competitive pricing that results from negotiated terms, including commissions.”

Geller is a partner at Robbins Geller Rudman & Dowd LLP, which specializes in securities litigation on behalf of investors. The firm has offices in 10 cities, including Boca Raton.

©2024 South Florida Sun Sentinel. Visit at sun-sentinel.com. Distributed by Tribune Content Agency, LLC.

Rosatom starts production of rare-earth magnets for wind power generation

November 11, 2020 5:17 pm

T VEL Fuel Company of Rosatom has started gradual localization of rare-earth magnets manufacturing for wind power plants generators. The first sets of magnets have been manufactured and shipped to the customer.

In total, the contract between Elemash Magnit LLC (an enterprise of TVEL Fuel Company of Rosatom in Elektrostal, Moscow region) and Red Wind B.V. (a joint venture of NovaWind JSC and the Dutch company Lagerwey) foresees manufacturing and supply over 200 sets of magnets. One set is designed to produce one power generator.

“The project includes gradual localization of magnets manufacturing in Russia, decreasing dependence on imports. We consider production of magnets as a promising sector for TVEL’s metallurgical business development. In this regard, our company does have the relevant research and technological expertise for creation of Russia’s first large-scale full cycle production of permanent rare-earth magnets,” commented Natalia Nikipelova, President of TVEL JSC.

“NovaWind, as the nuclear industry integrator for wind power projects, not only made-up an efficient supply chain, but also contributed to the development of inter-divisional cooperation and new expertise of Rosatom enterprises. TVEL has mastered a unique technology for the production of magnets for wind turbine generators. These technologies will be undoubtedly in demand in other areas as well,” noted Alexander Korchagin, Director General of NovaWind JSC.

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Title : Active carbons as nanoporous materials for solving of environmental problems

However, up to now, the main carriers of catalytic additives have been mineral sorbents: silica gels, alumogels. This is obviously due to the fact that they consist of pure homogeneous components SiO2 and Al2O3, respectively. It is generally known that impurities, especially the ash elements, are catalytic poisons that reduce the effectiveness of the catalyst. Therefore, carbon sorbents with 5-15% by weight of ash elements in their composition are not used in the above mentioned technologies. However, in such an important field as a gas-mask technique, carbon sorbents (active carbons) are carriers of catalytic additives, providing effective protection of a person against any types of potent poisonous substances (PPS). In ESPE “JSC "Neorganika" there has been developed the technology of unique ashless spherical carbon carrier-catalysts by the method of liquid forming of furfural copolymers with subsequent gas-vapor activation, brand PAC. Active carbons PAC have 100% qualitative characteristics of the three main properties of carbon sorbents: strength - 100%, the proportion of sorbing pores in the pore space – 100%, purity - 100% (ash content is close to zero). A particularly outstanding feature of active PAC carbons is their uniquely high mechanical compressive strength of 740 ± 40 MPa, which is 3-7 times larger than that of  such materials as granite, quartzite, electric coal, and is comparable to the value for cast iron - 400-1000 MPa. This allows the PAC to operate under severe conditions in moving and fluidized beds.  Obviously, it is time to actively develop catalysts based on PAC sorbents for oil refining, petrochemicals, gas processing and various technologies of organic synthesis.

Victor M. Mukhin was born in 1946 in the town of Orsk, Russia. In 1970 he graduated the Technological Institute in Leningrad. Victor M. Mukhin was directed to work to the scientific-industrial organization "Neorganika" (Elektrostal, Moscow region) where he is working during 47 years, at present as the head of the laboratory of carbon sorbents.     Victor M. Mukhin defended a Ph. D. thesis and a doctoral thesis at the Mendeleev University of Chemical Technology of Russia (in 1979 and 1997 accordingly). Professor of Mendeleev University of Chemical Technology of Russia. Scientific interests: production, investigation and application of active carbons, technological and ecological carbon-adsorptive processes, environmental protection, production of ecologically clean food.   

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