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ABYA Warning: 'Buyers beware of Broker credentials'

Jane Gentry, the CEO of the Association of Brokers & Yacht Agents warns buyers to be aware of boat brokers' credentials when buying a vessel.

“It sounds like remarkably simple advice, but you’d be surprised how many people can start the buying process without doing some very basic research,” explains Jane Gentry. “The majority of the problems we see every day can be nipped-in-the-bud if buyers do some simple research at the start of the process.”

“The ABYA logo is a world-renowned mark of quality and service in the Brokerage sector. Unfortunately, some less scrupulous traders can misuse the logo and claim to be ABYA Members when they are not.”

By visiting the ABYA website buyers can check the latest list of bona fide ABYA Members to ensure they are dealing with a qualified, experienced, professional. “A professional is someone who has theoretical knowledge, practical experience and is an active member of a professional body, so completing one course is a good start, but it’s not the whole story.”

“ABYA has been setting the standards in broking and legal conveyancing since 1912 and the Association offices provide our Members with an unparalleled wealth of knowledge, advice and support throughout their careers.”

When buying a vessel, ABYA Brokers make the difference. ABYA brokers have simple sole-listing agreements as well as professional print and online adverts; they handle all the buyer liaison and have standard S&P agreements; they will arrange viewings and inspection access; they have separate Client Accounts for secure holding of funds and will ensure the correct legal conveyancing of title documents.

“Get the right advice – look for the logo and check the ABYA website for the current list of ABYA Members. Buyers should make sure their broker has the right credentials to claim they are an ABYA Member, after all, the ABYA logo is the difference between a salesman and a Broker,” concluded Jane Gentry.

Visit ABYA on stand SB53

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