Yacht (a yacht refers to a vessel over 16 feet in length and under 300 gross tons) and ship brokerages.
Fees: Application: None; Examination: $25; License: $200; Fingerprint fees are paid to Live-Scan Facility.
Examination Frequency: Once a month at each examination location.
Examination Locations: Lake Perris, Sacramento, and San Diego
Experience Requirement: One (1) year as licensed yacht salesman as shown on the Department's records; or has owned and operated a marine business selling new and used yachts for a minimum of three continuous years preceding application for a broker's license in California; or 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.
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