Yacht broker mandate: exclusivity, duration and withdrawal

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of hull, position and price or valuation method. Specify who is authorized to sign and if there are co-owners, leases or other rights. Describe the authorized commercial tools: portals, photos, viewings, open houses, collaboration with other brokers and use of data. Exclusivity: advantages and limits: elements to verify before making a commitment. Exclusivity: advantages and limits Exclusivity grants a broker the right to manage the sale for a defined period. It can avoid contradictory listings, different prices and duplicate contacts; it can also motivate the broker to invest in images, advertising and commercial network. In exchange, the owner gives up freely appointing other intermediaries during the term. Clarify whether the commission is due when you personally find the buyer, when another broker sells or when the buyer was already your contact. Insert a list of pre-existing contacts, if the contract allows it, and delimit any protection after expiration. Every exception must be in writing. Duration and strategy: elements to verify before making a commitment. Duration and strategy A reasonable duration allows the broker to prepare material and test the market without binding the owner indefinitely. The mandate should provide for a price review after an agreed period if qualified viewings or offers are lacking. Do not confuse a marketing promise with a guarantee of

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covered contacts and proof that the contact was introduced by the broker. Do not delete or modify a clause unilaterally. If you want to change brokers, notify in writing and keep proof of receipt. In contracts with consumers or signed at a distance, specific rules may apply: for significant amounts, legal advice is prudent. Commission, price, and expenses: elements to verify before making a commitment. Commission, price, and expenses The mandate must link the commission to a base and an event: signature, payment, delivery, or other. Specify VAT, travel costs, advertising, photographs, hauling, and documents. Provide for authorization for extraordinary expenses. The broker's commercial evaluation is not a survey. A checklist before signing: elements to verify before making a commitment. A checklist before signing Ask: what will you do in the first two weeks? How many listings and what photographs? Who will manage inquiries and visits? Which technician can perform a survey? What is the comparable price? When do we review the price? What happens if I sell to one of my contacts? The answers should end up in the contract or an annex. To compare the service use BrokerBarche and the guide Selling your boat. To take action, use the contact form at the bottom of the guide. How to turn the guide into concrete action Before proceeding, write

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Ask for written confirmation when a paper has been received and when a file has actually been submitted. An organized folder with names, dates, and versions reduces errors and makes it easier to respond to a request from the authority, the surveyor, or the counterpart. Along the way, always separate three questions: what was observed, what was stated, and what still needs to be verified. A description from the owner, a photograph, and a technical report do not have the same value. Even a promise made in a phone call should be recorded in an email and, when it affects the price or the risk, in the contract. Set a brief review schedule. After the first contact, verify the quality of the requests; after the visits, gather feedback; after the survey, evaluate the work and conditions; before the balance, check the documents, coordinates, and delivery report. If a step changes, update all parties, not just the listing. Delays and costs must be communicated as soon as they arise, with a realistic proposal to resolve them. Do not use this guide on the topic of “sales mandate” as legal or tax advice. Rules may change by country, flag, residency, type of unit, and commercial use. In cases involving VAT, leasing, companies, mortgages, importation, or international transfers, ask for confirmation from a competent professional. The broker or agency can coordinate, but

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to the actual boat. Do not sign or pay any amounts under pressure: taking a break to check details and consultants is a normal part of a responsible purchase. In case of disagreement, separate the technical problem from the contractual one and involve the appropriate professional. Conclude each step with three verifications: which document proves it, which person authorizes it, and which date must be met. If an answer depends on a foreign authority, ask for updated confirmation instead of relying on a template found online. This discipline makes the file more readable, facilitates the broker's work, and leaves the parties with a useful trail if questions arise after delivery. Useful official resource In-depth study: Chamber of Commerce information on marine brokers. Practical method to verify a boat sales mandate Scope of the assignment Indicates vessel, owner, intermediary, price, territory, channels, duration, exclusivity, and promised services without referring to verbal agreements. Turn this point into a written question and ask for an answer that can be verified. If a condition changes, update the summary before proceeding: in boat sales, an unrecorded decision can resurface weeks later, when costs and responsibilities are harder to correct. Evidence and verifications Attach inventory, known condition, available documents, approved photographs, and rules for communicating defects or changes during the mandate. Turn this point into a question

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In yacht brokerage, an unrecorded decision can resurface weeks later, when costs and responsibilities are harder to correct. Costs and conditions: Commission, VAT, expenses, penalties, renewal, withdrawal, and the protection of introduced contacts must be legible and proportionate. Turn this point into a written question and ask for an answer that can be verified. If a condition changes, update the summary before proceeding: in yacht brokerage, an unrecorded decision can resurface weeks later, when costs and responsibilities are harder to correct. Risks to recognize: A very long mandate without measurable activity, hidden renewal, or an absolute ban on withdrawal deserves review before signing. Turn this point into a written question and ask for an answer that can be verified. If a condition changes, update the summary before proceeding: in yacht brokerage, an unrecorded decision can resurface weeks later, when costs and responsibilities are harder to correct. Case file: Keep a list of presented contacts, advertising activities, reports, offers, and termination notices to avoid subsequent disputes. Turn this point into a written question and ask for an answer that can be verified. If a condition changes, update the summary before proceeding: in yacht brokerage, an unrecorded decision can resurface weeks later, when costs and responsibilities are harder to correct

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which requires a competent professional before undertaking an obligation. Useful links and sources Learn more about the role of the yacht broker, the brokerage contract, the sales mandate, the broker's commission, and the boat-selling service. Institutional sources: Ministry of Enterprises and Made in Italy and Coast Guard. Also consult the document checklist for the sale. Frequently Asked Questions Do I have to accept exclusivity? No, but weigh the costs and benefits and limit it by time, territory, and conditions. Can I withdraw? It depends on the contract and applicable rules; respect the form and notice period. Can the broker change the price? No, barring authorized exceptions; the price must be agreed upon and updated in writing. What does an exclusive mandate entail? The owner limits competing assignments and, according to the text, may have to involve the broker even for direct contacts. How long should a sales mandate last? There is no universal duration. It must reflect the market, planned activities, and verification possibilities, with clear dates and renewal terms. Can I revoke the mandate? It depends on the contract and applicable law. Check the notice period, just cause, penalties, expenses, and already introduced contacts. Can the commission be owed after expiration? A clause may protect contacts presented during the mandate, but the period, names, and conditions must be defined. Who pays

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doing without Shipping broker: role, requirements and differences from the nautical broker BROKER OR NOT BROKER Choosing the intermediary Role, assignment, independence and compensation must be clear before entrusting a sale. Talk to a broker CONFIDENTIAL CONTACT Talk to a broker Fill out the form: the request is sent to the competent BrokerBarche team.

This guide offers general information and does not replace legal, tax, banking, or technical advice for your specific case. BOAT BROKER GUIDE · BROKER OR NOT BROKER Boat sales mandate: exclusivity, duration, and withdrawal What a nautical sales mandate must contain and what questions to ask before granting exclusivity. Sales mandate — checks, decisions, and steps explained clearly. Talk to a broker Go to the service Table of contents: boat sales mandate What it must identify Exclusivity: advantages and limitations Duration and strategy Withdrawal and expiration Commission, price, and expenses A checklist before signing How to turn the guide into concrete action Verification method Frequently asked questions The sales mandate is the agreement by which the owner asks a broker or agency to market the boat. It establishes the scope of the work and the financial relationship. It is not a harmless form: overly broad exclusivity, automatic duration, or an unclear compensation clause can create difficulties precisely when you want to

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gives a broker the right to manage the sale for a defined period. It can prevent contradictory listings, different prices, and duplicate contacts; it can also motivate the broker to invest in imagery, advertising, and a commercial network. In exchange, the owner gives up the freedom to appoint other intermediaries during that term. Clarify whether the commission is due when you personally find the buyer, when another broker sells, or when the buyer was already a contact of yours. Include a list of pre-existing contacts, if the contract allows it, and outline any post-expiration protection. Every exception must be in writing. Duration and strategy: elements to verify before making a commitment. Duration and strategy A reasonable duration allows the broker to prepare material and test the market without binding the owner indefinitely. The mandate should provide for a price review after an agreed period if there are no qualified viewings or offers. Do not confuse a marketing promise with a sales guarantee. If the boat is withdrawn from sale, if its location changes, or if major work modifies the price, establish how to update the listing. Technical data must be correct and approved by the owner before publication. Withdrawal and expiration: elements to verify before making a commitment. Withdrawal and expiration Read the procedures and notice period for withdrawal. A clear clause