Frequently Asked Questions
Yacht Broker Questions – Section One
- Does YachtCloser require a long-term contract for members?
- Does YachtCloser allow document storage?
- Are Electronic Signatures legal?
- Can I use my own contracts?
- Does YachtCloser provide contracts for general use?
- How is Yachtcloser different from other applications in the industry?
- Does YachtCloser allow single data entry?
Does YachtCloser require a long-term contract for members?
No, YachtCloser uses a monthly billing cycle and a brokerage can cancel at any time. We want to earn your business every month by providing exceptional value and service to your brokerage and never hiding behind a long-term contract. We are commited to this industry and look forward providing simple solutions to streamline and enhance your business.
Does YachtCloser allow document storage?
Yes, with YachtCloser you can store as many documents as you want. No need to invest in a costly document management system. With YachtCloser, you get that and much more! For every deal there’s a digital archive where all documents are stored. You can also upload documents like Abstract Title, Certificate of Documentation, Vessel Registration, etc. Now , if you ever have to recall documents from the past, you won’t have to go digging through a paper file. You’re just a few clicks away from finding, viewing, printing, or emailing the needed document.
Are Electronic Signatures legal?
Yes, Electronic Signatures are legal and binding. The U.S. Federal ESIGN Act of 2000 gives the same legal protection to online signing as to the traditional pen-and-paper signing. Click here for more information about the Federal ESIGN Act of 2000.
Can I use my own contracts?
Yes, YachtCloser allows for custom contracts to be entered in the application. If you prefer to use your own brokerage contracts, we will accomodate you! This service is available for a one-time fee of $50 per contract.
Does YachtCloser provide contracts for general use?
Yes, YachtCloser has several contracts and forms ready for you to use immediately upon entering the system and each of these forms is uniquely branded with your company logo and contact information. The standard brokerage contracts in the system (Listing, Purchase and Sale, Acceptance, and Conditional Acceptance) were prepared by Robert Allen Law. In addition to the standard contracts, YachtCloser provides additional forms for your convenience like: Wiring Instructions, Showing Instructions, Loan Payoffs, Bill of Sale etc.
How is Yachtcloser different from other applications in the industry?
YachtCloser is the first “administrative” solution for the industry. Our application has everthing to do with the administrative side of your business i.e. paperwork, contracts, work flows, etc. Currently there are many sites for brokers to list and market their boats online, but YachtCloser is the only application designed to streamline the entire administrative process from initial listing agreement through closing.
Does YachtCloser allow single data entry?
Yes, you only need to enter information one time, and you can instantly populate any form, contract, or document you have that requires that same information. Say goodbye to the days of re-entering vessel info, hull numbers, and client info multiple times throughout the course of a deal!