InTheBite

  • Home
  • News
    • All News
    • Featured Stories
    • General News
    • Captain of the Year
    • Tournament Results
    • First Builds
    • Splash Reports
    • Old Salts Rule
    • Tackle Tips
    • Dock Talk
    • Crew Records
    • Conservation
  • Tournaments
    • Calendar
    • Captain of the Year
    • Champion’s Cup
  • Shop
    • All Products
    • Subscriptions
    • Back Issues
    • Shirts
    • Hats & Visors
    • Miscellaneous
    • Release Rulers
  • Classifieds
  • Job Board
  • Contact
    • Contact InTheBite
    • InTheBite Media Kit
  • Log in

Boat Brokers and Captains Relationships

May 15, 2020 By InTheBite Editor

two guys exchanging money

By Capt. Scott “Fraz” Murie

I’ve been a captain since 1978 and have taken boats from coast to coast, fishing hot spots for years. I’m still fishing but trying to stay closer to home. Let’s face it, I’m getting older.

  • OIOpublisher.com

Over these many years, I’ve met and developed relationships with many boat brokers. These relationships, for the most part, have been an asset to my career. I’ve had referrals for captain’s positions, delivery jobs and other positions I otherwise wouldn’t have known about, except for a broker. So, with that said, I’ve learned to appreciate the work of a good boat broker.

I heard a question the other day from a captain. He wanted to know the industry standard commission rate from a broker to a captain in yacht sale. He thought it was 5%. That’s just stupid!

There is no standard, nor is it ethical, for a broker to pay a captain a pre-arranged commission. That would be like a broker wanting a percentage of a captain’s salary if the broker found that captain’s job. I’ve heard it all. Things like, “Man, that broker is making 10% for doing nothing but showing the boat.”

Wrong!

What these captains (who are on salary and getting paid anyway) don’t realize is a broker is paid by commission only. These sales can take countless hours and weeks and months to come together.

They also require thousands of dollars of out of pocket expenses such as flights, hotels, food, professional photography, advertising and even then, a deal can fall apart. So, if you think it’s so easy, go get your broker’s license and get you some.

My advice to you captains is to develop a relationship with good brokers by helping them. A good, hard-working broker knows and meets a lot of people in our business. That broker just might be the person responsible for advancing your career down the road one day by his referral.

A good boat broker also knows the value of a good captain. If the captain goes out of his way to help the broker in every aspect of the boat sale, a good broker will express his appreciation by giving that captain a well-earned tip. It would always be after the sale finalizes and it could be substantial sometimes.

For a captain to demand a certain amount of money from a broker is ignorant and possibly illegal. It also shows what kind of captain they really are. So just do your job and take what you get.

– That’s my two-minute warning.

Do you have any comments or questions for us? We’d love to hear from you.

  • Facebook
  • Twitter
  • Email

Do you have any comments or questions for us? We’d love to hear from you.

    Filed Under: Boats, Featured Stories, General News, News, Operations Tagged With: boating market, broker, brokers, captain, Captains, relationship, relationships, two minute warning

    Recent News

    The Galapagos are the Offshore Escape You’ve Been Looking For

    Photos and Story by Lane Forrer In all of their travels, the Polynesians and South American cultures never settled the Galapagos. It’s debatable whether they found them, but there are no archeological remains of people prior to Europeans. Curious. … [Read More...]

    42.3-Pound Dorado Earns $232,150

    May 17, 2022, Loreto B.C.S —Sunday concluded the third Marina Puerto Escondido Fishing Tournament as 51 Teams competed for over a half-million dollars in cash prizes, the highest ever awarded for a fishing tournament in the Loreto area. According to S … [Read More...]

    Boats Sunk for Artificial Reef in Memory of Capt. Patrick Price

    By Zachary Granat Last year, on Sept. 6, 2021, Capt. Patrick Price passed away after a battle with COVID-19. This month, the MCAC Artificial Reef Fund honored him by sinking two artificial reefs off the coast of St. Lucie County. Two boats, the … [Read More...]

    O-Ring Stop

    Captain Dickie Dickinson Jupiter Fishing Charters Skill Level: Easy … [Read More...]

    Strange Creatures Come Out at Night

      By Captain Kevin Deerman It’s always been amazing to me to see what kind of creatures show up in the lights around the boat at night when tuna fishing off the Texas coast. Over the years we’ve encountered many different types of fis … [Read More...]

    Leave a Reply

    Connect With InTheBite

    • Facebook
    • Instagram
    • Twitter
    • YouTube

    Subscribe to InTheBite Magazine Today!

    InTheBite Magazine Current Cover

    Our latest issue is hitting the docks now! Be sure to subscribe to the hottest bluewater mag on the market. Purchase or Subscribe »

    InTheBite Champion’s Cup

    InTheBite Champions Cup Logo

    New for 2022, the Champion’s Cup is an optional paid entry with a winner-takes-all prize format for teams who want to up the stakes in each division utilizing our longstanding tournament scoring formula.

    Captain of the Year Cup Standings

    COTY / ITB Cup Logo

    News

    • 42.3-Pound Dorado Earns $232,150

      42.3-Pound Dorado Earns $232,150

      May 17, 2022, Loreto B.C.S —Sunday concluded the third Marina Puerto Escondido Fishing Tournament as 51 Teams competed for over a half-million dollars in cash prizes, the highest ever awarded for a fishing tournament in the Loreto area. According to Stenson Hamann, marketing manager of the event, "The attendance has grown 85 percent over its short three-year history, beginning in 2019."... [Read More...]

    • Boats Sunk for Artificial Reef in Memory of Capt. Patrick Price

      Boats Sunk for Artificial Reef in Memory of Capt. Patrick Price

      By Zachary Granat Last year, on Sept. 6, 2021, Capt. Patrick Price passed away after a battle with COVID-19. This month, the MCAC Artificial Reef Fund honored him by sinking two artificial reefs off the coast of St. Lucie County. Two boats, the 65-foot Spirit of Palm Beach—renamed the DayMaker—and the 98-foot Last One—renamed the Capt. Patrick Price Reef—are now... [Read More...]

    • Colombia To Ban Recreational Fishing

      Colombia To Ban Recreational Fishing

      By Zachary Granat On May 2, the Supreme Court of Colombia ruled that recreational fishing was unconstitutional. As a result, Colombians expect a ban on recreational fishing to take effect within one year. The decision comes after the Court’s 2019 ban on recreational hunting. Then, the Court held that recreational hunting was animal cruelty and a threat to the environment.... [Read More...]

    • Blue Marlin Blast Fishing Tournament

      Blue Marlin Blast Fishing Tournament

      By Toine van Ierland, Tournament Director Cape Verde on fire! In both 2020 and 2021, we were forced to postpone the tournament thanks to COVID-19, but on the night of April 24, 2022, we finally kicked off the 2022 EFSA European Championship Big Game Fishing Tournament, AKA The PENN Challenge. And what a tournament it was. Expectations Two weeks prior... [Read More...]

    • New State Record for Dolphin Fish

      New State Record for Dolphin Fish

      Georgia DNR, Brunswick, Ga., May 5, 2022—A 53-year-old Midway man is the new state record holder for dolphin fish (Coryphaena hippurus), also known as mahi mahi, after the Georgia Department of Natural Resources certified his catch Friday. James Roberts of Midway landed the 68-pound, 1.6-ounce dolphin on April 26. He was fishing over Deli Ledge approximately 80 miles east of... [Read More...]

    Search InTheBite

    Copyright © 2022 InTheBite, LLC · All Rights Reserved.

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.