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  • About the International Yacht Brokers Association [IYBA]

    About the International Yacht Brokers Association [IYBA]


    By: | Date: January 5, 2021

     
     

    About the International Yacht Brokers Association [IYBA]

    Galati Yacht Sales has been a part of the International Yacht Brokers Association (IYBA) since the early days. With over 1500 members and 400+ businesses, IYBA is the world’s largest and most influential association for yacht brokerage and the charter industry. This leading association offers several member benefits and is also home to the only yacht brokerage multiple listing service that is member owned. The MLS platform introduced in 2019 (IYBA.PRO) allows members to control their data and promote their products in ways never previously achieved through private enterprise.
     

    History of the IYBA

    The inception of IYBA was in 1987 by a coalition of yacht brokerage business owners in South Florida. Their mission— to unite yacht brokerages while promoting professionalism and cooperation among members; promoting and maintaining a high standard of conduct in the transacting of the yacht brokerage business. Every member abides by a code of ethics to protect the public against fraud, misrepresentation, or unethical practices in the yachting industry. Consumer protection is the foundation of this code of ethics. In the event of a disagreement amongst member brokers, the Ethics Committee is equipped to resolve disputes.
     

    Ongoing Educational Seminars and Services

    In addition, the IYBA provides members with ongoing educational seminars and services to strengthen the ability of the yachting industry in terms of local and international regulations, industry tools, trends, legal, technical, and environmental concerns. Additional resources such as a documents library with pre-filled templates, up-to-date industry news, Compass Magazine subscription, networking events, and a member directory are just some of the ongoing services available to members. IYBA also offers an Affiliate Member program. The program highlights affiliate members that work in marine insurance, finance, media, marketing, manufacturing, marinas, and other related fields.
     

    Consumer Benefits

    Other benefits that correlate to the customer include having access to data not available to the public. Members of the IYBA have access to boat history reports to help their clients make better lending and used boat purchase decisions. Members can also purchase a towboat U.S membership for their customers at a significant discount, along with discounts on annual memberships with Marinalife.
     

    Government Affairs Program

    Another one of IYBA’s most essential services is an ongoing government affairs program. This program monitors and sponsors legislation to improve and grow the yacht brokerage industry, while helping to remove barriers and improve consumer protections. By actively engaging with state and local legislators, their efforts have protected and nurtured the yachting community since its inception.
     

    Professionalism & Certifications

    Professionalism is another immense attribute of the IYBA. In 1999, the CPYB Program was formed as a joint effort of the Yacht Brokers Association of America (YBAA), the International Yacht Brokers Association (IYBA) California Yacht Brokers Associate, Ontario Yacht Brokers Association, and the Northwest Yacht Brokers Association. The certifications objective has been to set a performance baseline for professional yacht brokers nationwide. Becoming a Certified Professional Yacht Broker (CPYB) is one of the industry’s most prestigious recognitions.
     

    IYBA.PRO MLS Service

    Lastly, the MLS service offered by IYBA (IYBA.PRO) is the yachting industry’s only member listing service. The IYBA MLS portal unites members for the benefit of all. Moreover, they offer some of the most robust marketing tools available. IYBA.PRO allows members to create robust sales and charter listing profiles, elegant marketing material, access to exclusive data, and premium SEO benefits.
     

    Partnered with IYBA

    In summary, being apart of the IYBA association allows Galati Yacht Sales to remain at the forefront of the yachting industry. With continued education for members, broker certifications, multiple member programs, a voice in the yachting community, and an innovative MLS service, IYBA members and businesses are highly regarded as industry experts and recognized as certified professionals. View our team of certified sales professionals below.

    View Sales Professionals

    Related Articles:

    Certified Professional Yacht Brokers | Broker Designations— Read article here.
    Newly Certified Professional Yacht Broker Designees— Read article here.
    33rd Annual IYBA Awards Dinner— Read article here
    CPYB Chairman’s Award Honors Carmine Galati For 2019— Read article here.

    Cited: IYBA.com

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