The sales team at MGM Boats have now completed the necessary training to qualify for membership of the Association of Yacht Brokers and Agents (ABYA). In line with the steady expansion of its Brokerage department MGM say they are committed to keeping the code set out by the association.
ABYA endorse a strict Code of Practice that has been specifically written for conducting the business of yacht brokerage. ABYA also run a Practical Yacht Brokerage Courses. This allows members to keep up to date with both legal and technical aspects of boat sales, ensuring their credibility both to the client and within the legal system.
The Association of Brokers and Yacht Agents (ABYA) exists to promote the highest standards of professionalism and expert knowledge in the field of yacht sales, and expects high standards of its members. Membership is only open to existing practising brokers and new boat sales personnel with a proven track record in the industry. For all grades of membership there is rigorous scrutiny of the applicant's work. A Continuous Professional Development scheme exists to ensure that members update their knowledge regularly, and Members' work is monitored on a regular basis.
The Association holds regular training Seminars and Forums in house and maintains close contact with other professionals in the marine industry such as Law firms and Insurance houses, many of whom are "partners" to the Association. All members are required to carry Professional Indemnity insurance.