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What is a Florida Yacht and Ship Salesperson ($10,000) Bond?
In Florida, yacht salespersons are required to carry a $10,000 surety bond as mandated by the state. This ensures that they comply with regulations set out in statues like the Yacht and Ship Brokers’ Act.
Need a Florida Yacht and Ship Salesperson ($10,000) Bond?
A Florida Yacht and Ship Salesperson ($10,000) Bond is a type of surety bond that guarantees an individual will faithfully discharge their duties as a yacht or ship salesperson. This bond protects the customer from fraud by guaranteeing that they are dealing with someone who has been verified to be trustworthy.
If you're looking for someone to sell your boat or yacht in Florida then it's important to make sure they have this bond before hiring them. It's also good for customers because it ensures they are working with honest people who won't take advantage of them. Get started today!
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What are the requirements in order to get a Yacht and Ship Salesperson License?
Yacht and ship salespeople are people who help others with buying or selling vessels. A yacht is any vessel that exceeds 32 feet in length, weighs less than 300 gross tons, and uses either sail or machinery to propel it through the water. All those looking for a job as a boat salesman need an appropriate license granted by Florida law before they can be hired legally.
What is the purpose of a Florida Yacht and Ship Salesperson Surety Bond?
Surety bonds act as a form of financial protection for clients and regulators. If the broker or salesperson commits an unethical, illegal operation that causes financial harm to their client, they can make a claim on their surety bond which would be paid by the company who issued it but only after reimbursing themself from what was lost due to this type of unfortunate incident. See a Broward County, FL-Utility Connection Permit Bond.
How does the Florida Yacht and Ship Salesperson Surety Bond work?
Florida Yacht and Ship Salesperson Surety Bond must be issued by an insurance carrier admitted by the Florida Department of Insurance. The surety company issuing any bond, such as this one for Florida Yacht and Ship Salesperson Surety Bond Program, will also refer to themselves as Principal, Obligor and Obligee on their end respectively. Find a Hillsborough, FL-Festival Permit ($10,000) Bond.
How much does a Florida Yacht and Ship Salesperson Surety Bond cost?
Florida Yacht and Ship Salesperson Surety Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes. Read a Manatee County, FL-Electrician Bond ($20,000).
Can I get a Florida Yacht and Ship Salesperson Surety Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds.
How to get your Florida Yacht and Ship Salesperson Surety Bond?
Would you like to know the first step in getting your Florida Yacht and Ship Salesperson Surety Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Get a Jacksonville, FL – Barricade ($5,000) Bond.