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The BC Yacht Brokers Association Certification Program was developed to further raise the professional standards of brokers in British Columbia.
1) Salesman Level One - consists of basic knowledge to conduct a sale legally and ethically.
2) Salesman Level Two - will illustrate your understanding of the product being sold as well as your ability to understand a survey.
3) Broker Status - demonstrates your competency on the water as well as in all areas of brokerage.
The program is a self-study course that was developed with input from lawyers, accountants, experienced brokers and experts in the marine industry. Not only does the Certification Exam test brokers on their overall knowledge of brokering, but also ensures that their knowledge of the boating industry is at a level that will assist boat buyers or sellers in making the right decisions.
To be eligible to write the certification exam, a person must be a member (or pending member) of the BCYBA. Pending members will receive their certificate upon satisfaction of meeting all requirements of a member in good standing.
Standard BCYBA documents: BCYBA Constitution, Code of Ethics and standard forms (including Purchase and Sale Agreement, Co-brokering Agreement, Bill of Sale, and Marketing Agreement).
Legal aspects of brokering: financing, liability, surveyors, cross-border issues and commissions.
Provincial and Federal Sales Tax: prepared specially for the BCYBA by professional accountants, this section involves skill testing questions used to evaluate a broker's ability to calculate taxes as well as to correctly apply taxes to certain aspects of the sale.
Canadian Coast Guard: covering boat safety, the aids to navigation system and collision regulations.
Boat maintenance and design: to ensure that the broker understands basic designs and maintenance.
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