What is a foreign or out-of-state yacht and ship broker or salesperson?
A foreign or out-of-state yacht and ship broker or salesperson is a yacht and ship broker or salesperson who primarily conducts business outside of Florida or outside of the United States, and does not have a Florida yacht and ship broker license or a Florida yacht salesperson license. Foreign or out-of-state brokers may conduct business with Florida licensed brokers, as long as they do not physically enter the state of Florida to act as brokers or salespersons.
Rule 61B-60.001(1)(j), Florida Administrative Code
The love of the water, and a mega-yacht to enjoy it, is putting one resident at odds with village of north palm beach leaders..
For some people, the ultimate Florida lifestyle is a waterfront house , a private dock and a boat parked next to it. But what if that boat is a mega-yacht , and the mega-yacht stretches 164 feet?
That's the conundrum facing the Village of North Palm Beach.
This tiny community in northern Palm Beach County, with only 13,000 full-time residents, has an identity so tied to the water that a ship's steering wheel is the village's emblem.
But it's that love of the water that is putting one resident at odds with village leaders.
For the past several years, homeowner Michael Bozutto has been battling the village for the right to park his 164-foot Westport, dubbed Honey, behind a home he owns at 932 Shore Drive.
The house, built in 1961, is a one-story, ranch-style property with three bedrooms on a half-acre lot. Bozzuto paid $840,247 for the house in 2014, according to Palm Beach County property records.
What makes this plain house special is its location. It's on a rare corner bordered on the north and east by navigable waters that provide access to the Atlantic Ocean via the Lake Worth Inlet. The east-facing dock is large enough to accommodate Bozzuto's motor yacht.
Since Bozutto bought Honey for an undisclosed sum a decade ago, he mostly has parked it at the Old Port Cove Marina, near Tiger Woods' 155-foot showy mega-yacht, ironically dubbed Privacy.
More recently, Bozzuto has wanted to park Honey alongside his Shore Drive house, one of four houses he owns in the village. While Bozzuto keeps some personal property at the Shore Drive house, he lives at a house he owns at Harbour Isles Court.
Village officials warned Bozzuto he can't park Honey at 932 Shore Drive because boats can only be parked on docks behind houses that are occupied by the homeowner.
But village rules do not define the word "occupied." For instance, the rules do not state that occupied means the house is a residence where the owner lives. Village rules also contain no restrictions on the size of boats that can be kept at private docks.
After years of pushing back against what he believes are fuzzy rules, Bozzuto in March filed a lawsuit against the village.
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He alleged the municipality is illegally depriving him of his property rights because nothing in the village code prevents him from mooring Honey at his house. He is asking a Palm Beach County Circuit Court judge to rule that he has a constitutional right to dock Honey there.
Gregory Coleman, Bozzuto's West Palm Beach attorney, said the village has plenty of waterfront homes with yachts parked behind them. But Coleman said the village is illegally blocking Bozzuto from docking Honey at his house because the village is bending to pressure from a handful of neighbors who think the boat is too big.
The selective enforcement is wrong, said Coleman, a former president of the Florida Bar.
"He's a very under-the-radar guy who doesn't cause anybody any problems," Coleman said of Bozzuto. "He pays his property taxes, and he wants to be left alone by the village of North Palm Beach. Unfortunately, they are singling Mike out."
Neither Leonard Rubin, the village's longtime attorney, nor Village Manager Chuck Huff responded to requests for comment.
Eric Stettin, a Fort Lauderdale-based attorney who is representing the village in the Bozzuto lawsuit, said he could not comment on pending litigation.
Coleman's lawsuit describes the conflict as a battle over property rights, but real estate and yachting experts say it's also a sign of the times.
As wealthy new residents pour into the county wanting all the perks of the Sunshine State, they want a boat to go along with their waterfront homes and golf club memberships. Some longtime residents fear Palm Beach County is turning into a playground for billionaires, to the detriment of everyday people who also want to live in sunshine and peace.
This conflict between Old Florida and new money is an ever-present tension, but even seasoned yacht brokers say they've never seen interest in luxury yachts quite as strong as it is now.
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"What we've seen in the marketplace right after COVID in the yachting industry, and especially the superyacht segment, is the most incredible growth ever seen in the history of yachting to date," said Shannon McCoy, a luxury yacht advisor and broker with Worth Avenue Yachts in Palm Beach.
"A lot of people are moving here with serious money," added Pascal Savoy, U.S. managing director of Camper & Nicholsons International yacht brokers in Fort Lauderdale.
While in the past Palm Beach County was not considered lively enough for some buyers, Savoy said the county's growing sophistication is putting it on the map in a way never seen before.
"It's a mini-Monaco for us," Savoy said.
Prices for mega-yachts can range from $18 million to $60 million, or many times that, for the largest and most decked-out mega-yachts, Savoy said.
While some yachts can be glitzy, a 164-foot Westport is considered a more low-profile boat, Savoy added.
Bozzuto is no newcomer to North Palm Beach. He's been a resident of the village for 20 years.
He is the billionaire owner of a family-owned supermarket wholesaler in Connecticut, and an investor and philanthropist who likes to collect houses and yachts, Coleman said.
In addition to the four North Palm Beach houses and several yachts he owns, Bozzuto in February paid a whopping $31.1 million for a house in the Town of Palm Beach Shores. The house, which has two docks, sits just north of the Palm Beach/Lake Worth Inlet.
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Coleman said there is plenty of room for other boaters to navigate the waterway when Honey is parked at the Shore Drive house in North Palm Beach. And while other people may not have as large a yacht, there are other sizeable yachts parked on docks behind other North Palm Beach homes, too, he added.
At a 2017 village council meeting, then-Mayor Darryl Aubrey commented on the issue, according to the complaint.
"When I didn't live here full time, I had a boat sitting in my dock, I was gone nine months of the year. I don't see how you can say that someone has to be in a residence year-round, seems to be some interpretation of occupant, there would be an enormous number of violations," Aubrey said.
Another member of the village council asked if the village had a definition now, the complaint said.
Rubin, the village attorney, replied: "No, we don't," according to the lawsuit.
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The yacht docking dispute is particularly timely, given the scarcity of dock space for boats of all sizes.
The most convenient place to park a boat is on the water behind a house, brokers say. But not every waterway or channel can accommodate the draft, or depth, of a mega-yacht.
However, the dock behind Bozzuto's Shore Drive house can.
Not only is the Westport not known for its deep hulls, but the waterway also is typical of northern Palm Beach County, which boasts deep water and easy access to the ocean via the Lake Worth Inlet, said Coleman, a lifelong boater.
"In Palm Beach County, they have deeper water, and it allows people to have larger yachts," Savoy agreed.
But not every waterway is deep enough for every boat.
McCoy said she specializes in helping advise potential yacht owners about the county's varied water depths before they buy a house, if they plan to dock their yacht behind it.
If yacht owners don't have a private dock, the other option is a marina. But marina space is hard to find, with many dock berths reserved for months in advance, McCoy said.
Despite the challenges of owning a boat and finding a place to dock it, yacht brokers say demand continues.
They see interest continuing from business executives moving here with their families as they relocate their companies to Palm Beach County. There's also a growing demand for yachts among female buyers, McCoy added.
They also see younger mega-yacht buyers, some even in their early 30s. This is in sharp contrast to the mostly older buyers in the past, Savoy said.
Palm Beach County may not be as go-go as Miami-Dade County when it comes to showy ships, but if interest continues, "it's coming," Savoy said. "You're going to attract bigger yachts."
Put another way: "No one needs a boat, but everyone needs a boat," McCoy said. "It's the ultimate lifestyle."
Alexandra Clough is a business writer and columnist at The Palm Beach Post . You can reach her at [email protected] . Twitter: @acloughpbp . Help support our journalism. Subscribe today.
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Yacht & Ship Broker Reinstatement 2601 Blair Stone Road, Tallahassee FL 32399 :: Email: Customer Contact Center :: Customer Contact Center: 850.487.1395 The State of Florida is an AA/EEO employer.
To apply for a yacht and ship broker or salesperson license, you must complete an application on DBPR FORM YS 6000-1, and submit it along with the $551 fee, a complete set of fingerprints, and an original surety bond or letter of credit in the amount of $10,000 for a salesperson or $25,000 for a broker. Rules 61B-60.003, Florida Administrative ...
A Florida licensed yacht and ship broker is a person who has been licensed by the Division of Florida Condominiums, Timeshares, and Mobile Homes (Division), and who, for or in expectation of compensation: sells, buys, offers, or negotiates to sell or buy; solicits or obtains listings of; or negotiates the purchase, sale, or exchange of yachts for other persons.
Published 10/19/2010 11:42 AM | Updated 12/13/2018 03:00 PM. How do I find out if a yacht broker or salesperson is licensed by the state of Florida? You may verify a yacht broker's or salesperson's license by visiting www.MyFloridaLicense.com, or by contacting the Yacht and Ship Brokers' Section at 850.487.2987.
This comprehensive video guide outlines the yacht and ship salesperson/broker license application process set forth by the Florida Department of Business and...
Applicants for yacht and ship licenses in Florida must meet specific criteria. First, individuals must be at least 18 years old and of good moral character. Second, they must complete a pre-licensure course approved by the DBPR. Third, applicants must pass a written examination administered by the DBPR. Fourth, they must submit a surety bond or ...
For example: You'll need to provide fingerprints, a completed application, and a surety bond. However, the surety bond amounts aren't the same. The Florida Yacht Salesmen License requires a $10,000 bond while the Yacht Broker License requires a $25,000 bond. You can find the price of your bond by applying here.
The yacht salesperson license allows you to work for a yacht brokerage and sell yachts under the supervision of a licensed yacht broker. To obtain a yacht broker or salesperson license in Florida, you must meet the following requirements: Be at least 18 years old. Be a high school graduate or have a GED.
YACHT AND SHIP BROKERS: Add to MyFLRules Favorites: View Chapter: 61B-60. ... Application for and Renewal of Broker or Salesperson License: 11/3/2003: 61B-60.004 : Bond and Irrevocable Letter of Credit: 3/13/2002: 61B-60.005 : ... Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response ...
2005 Florida Code - VESSELS YACHT AND SHIP BROKERSChapter 326. TITLE XXIV VESSELS. CHAPTER 326 YACHT AND SHIP BROKERS. 326.001 Short title. 326.002 Definitions. 326.003 Administration. 326.004 Licensing. ... Before any license may be issued to a yacht or ship broker, he or she must deliver to the division a good and sufficient surety bond or ...
Attn: FCTMH's Yacht and Ship Brokers' Section 2601 Blair Stone Road Tallahassee, Florida 32399-1030 At least 60 days prior to your license expiration date, the Division of Florida Condominiums, Timeshares, and Mobile Homes will mail to you a DBPR Form YS 6000-6 (Application for Yacht and Ship License Renewal/Branch Office Renewal).
The 2023 Florida Statutes (including Special Session C) 326.004 Licensing.—. (1) A person may not act as a broker or salesperson unless licensed under the Yacht and Ship Brokers' Act. The division shall adopt rules establishing a procedure for the biennial renewal of licenses. (2) A broker may not engage in business as a broker under a ...
(9) The holder of an expired license who fails to renew his license within 30 days after such expiration and who desires to perform yacht and ship broker services shall be required to make an initial application to the division and proceed as provided in Rule 61B-60.004, F.A.C. Fla. Admin. Code Ann. R. 61B-60.003. Specific Authority 215.405 ...
SB 92 -. Yacht and Ship Brokers' Act. Yacht and Ship Brokers' Act: Revising the definition of the term "yacht"; exempting a person who conducts business as a broker or salesperson in another state from licensure in this state for specified transactions; requiring, rather than authorizing, the Division of Florida Condominiums, Timeshares ...
Yacht and Ship Brokers: Exempting a visiting broker from licensure for specified transactions; requiring, rather than authorizing, the Division of Florida Condominiums, Timeshares, and Mobile Homes of the Department of Business and Professional Regulation to deny licenses for applicants who fail to meet certain requirements; revising requirements for licensure as a broker; removing a provision ...
South Florida yacht brokers hit with lawsuits that claim 10% commissions violate antitrust laws. Yachts are among the vessels seen on display in this 2019 file photo in Palm Beach County. Two new ...
The suit was initiated by Wyoming's Ya Mon Expeditions LLC, on March 1 in Florida federal court, and followed by a March 22 filing by an Alabama man targeting the Miami-based International Yacht ...
License Type: Yacht and Ship Salesperson or Broker : Rank: YS Salesperson : License Number: 9752 : Status: Cancelled : Licensure Date: 02/14/2017 : Expires: 02/14/2019
A foreign or out-of-state yacht and ship broker or salesperson is a yacht and ship broker or salesperson who primarily conducts business outside of Florida or outside of the United States, and does not have a Florida yacht and ship broker license or a Florida yacht salesperson license. Foreign or out-of-state brokers may conduct business with ...
For some people, the ultimate Florida lifestyle is a waterfront house, a private dock and a boat parked next to it.But what if that boat is a mega-yacht, and the mega-yacht stretches 164 feet ...