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March 2016
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YBAA Announces the Election of New Officers and Board Members for the Coming Year

David Benson, CPYB, President of Nashville Yacht Brokers was recently elected as YBAA President, leading the association’s board of directors. The board includes thirteen YBAA member brokers from throughout the U.S. and Canada.

David Benson has been in the yachting industry since 1985. He initially served as part of a yacht crew and then entered the new boat sales market. David became a founding partner of Nashville Yacht Brokers in 1991 and assumed ownership in 2001.  He has served on the YBAA board since 2011.  

“The reason we joined YBAA initially was to learn what we didn’t know,” stated Benson. “As it turned out, we learned a lot. There is a wealth of information gained by simply rubbing elbows with other yacht sales professionals who care enough about their business to belong to a professional organization. By relying on YBAA’s accepted business practices, code of ethics and protocols, and, as a CPYB certified professional yacht broker, I have been able to elevate my professional capabilities and bring even more value to my clients. I look forward to leading YBAA in the coming year as we work to positively influence our members and our industry.” 

Read the full article here.

2015 Recap - It Was a Very Good Year

By Hal Slater, YBAA Immediate Past President


While driving from Connecticut to Annapolis, Maryland early last month to attend the YBAA Annual Board Meeting, I had some time to reflect on the past year and what the YBAA Board, committees and staff had accomplished. I thought to myself , "wow”, we have accomplished a lot and have made many positive impacts within our association and our industry!
  • 2015 was the second consecutive year we finished with a respectable financial gain.
  • The Certification Advisory Council and the CPYB Development Committee are on schedule with developing a new CPYB exam and publication of the new updated Guide.
  •  The Education Committee successfully solidified a relationship with The Yacht Broker Institute (YBI) which provides a basic training program for individuals seeking to enter our profession. YBI will encourage their graduates to pursue the CPYB accreditation as soon as they qualify.
  • YBAA received the American Boating Congress Ambassador Award at the Capitol Hill event in May of 2015. YBAA Executive Director, Vin Petrella and I attended this three-day annual event.
Read Hal's full letter here.

A Field Guide to Fraud

By YBAA Affiliate Member and Attorney, J. Dirk Schwenk
Baylaw, LLC
 

Lawyers, car salesmen, and Congressmen get accused of lying all the time.  Teenagers and cheating spouses -- they do lie all the time even if they are otherwise decent people.  In fact, we all lie all the time; it is just that some lies are different.  “How are you doing?  Great!”  “How much do you want?  Just a splash.”  “Do you like this dress?  Yes.”  
One of the interesting things about the law is trying to figure out what kinds of lies are sufficiently bad to require that they be actionable.  The lies above are not actionable, at least under normal circumstances -- they are just normal social lies that don’t carry any meaning.  

Read the full article here.

YBAA University is Back, and Even Better for 2016!

Save the Dates…




Get ready for great networking, valuable education and stimulating conversation - YBAA's 2016 University events are coming this summer. The popular one-day luncheon events offer the latest technical, legal, ethical and transactional expertise from leading authorities, all designed to strengthen your role as a yacht sales professional.

Upcoming events are scheduled as follows; 
July 19 -Marriott Downtown Hotel - Providence, RI
July 21 - Doubletree Hotel - Annapolis, MD 


More details and registration information to follow.

U.S. Brokerage Sales Decline 3 Percent 

By John Burnham, YachtWorld


Despite a leap-year February in 2016 that was 3 percent longer than the same month a year earlier, U.S. brokerage sales volume was incrementally weaker for the month, with 1,607 boats sold, down from 1,655 a year earlier. The total price paid for boats sold was 6 percent higher, with $220 million changing hands, according to YachtWorld members reporting in SoldBoats.

Read the full article here.

Sailing Market Report for available for YBAA Members

By Sally Helme, publisher of Cruising World and Sailing World

The annual Sailing Market Report produced by Cruising World and Sailing World magazines is the most comprehensive statistical look at the North American sailing market available. The Report tracks bareboat charter activity, brokerage sales, sailboat imports and domestic sailboat production.  In addition this year's 2016 edition includes data on sailing participation.  Findings include continued growth of the charter market, flat brokerage sales, and declines in both imports and domestic sailboat production in 2015.  Participation in sailing is reported to be up slightly. We are happy to provide this report to YBAA members.

Read the full market report and article here.

Member to Member News


Springline Yacht Sales Receives Best in Show at the New England Boat Show
Springline Yacht Sales shined in the New England Boat Show which has grown into the Northeasts largest Indoor Boat Show, attracting thousands from the New England Seaboard. Travelling to the show with five boats, Springline was awarded Best in Show for their Sailboat Display. Read more here.

Northrop & Johnson Opens Office in Newport Beach, California
In addition to opening a sleek and stylish new office in this beautiful seaside town in California’s legendary Orange County, Northrop & Johnson is proud to welcome aboard Sales Brokers Jim Elliott, Todd Rittenhouse, Tom Corkett and Dennis Moran. With more than 100 years of combined yachting industry experience, this outstanding team of long-time Ardell Yacht & Ship Brokers has its fingers on the pulse of the West Coast yachting market. Read more here.

 RENEW YOUR DUES TODAY! 

Join YBAA
Become a CPYB
YachtWorld.com
AIM Marine Group
Northwest Yachting Magazine
Gowrie Group
Yacht Closer
Canadian Yachting Magazine
Soundings Magazine
Yacht Broker Institute
New England Marine Documentaion
Robert Allen Law

Upcoming e-Seminars

Earn 3 CPYB Recertification Credits!
 

March 23, 2016
12:00-1:00 pm ET
CPYB Only e-Seminar
Fraudulent Check Scams

April 13, 2016
12:00-1:00 pm ET
YBAA e-Seminar
Mark Your Calendars

Member News

Do you want to share news about recent sales, new hires, office expansion or other business updates and successes for FREE! Just send your news items by the 10th of the month along with any photos, to vinpetrella@ybaa.com

CPYB Recertification Credit Opportunities

Continuing education and professional development is essential for Yacht Sales Professionals to perform their job at the highest possible level. Certified Professional Yacht Brokers (CPYB) are required to earn a minimum of 30 credit hours of continuing education / professional development every 3 years. See the upcoming events here. 

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Association of Yacht SalesProfessionals

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