Examination Study Material

The study material in this section provides all of the answers to the questions contained in the broker and salesperson written examinations.

Why the Exam is Required

DBW has a legislative mandate to provide consumer protection to buyers and sellers of used boats that are 16' or longer and less than 300 gross tons. DBW has regulatory oversight and enforcement authority for the laws that govern Licensed Yacht and Ship Brokers and Licensed Yacht and Ship Salespersons. These laws and rules are part of the study material.

Brokers regularly enter into legal, bilateral contracts, in the form of Listing Agreements (the authorization to sell a boat that the Broker does not own) and Offer To Purchase and Sales Agreements. Bilateral contracts involve two or more persons and account for the sale and purchase of property, and include the conditions, obligations, and responsibilities ascribed to those involved.

Obtaining Study Material

The study material for Brokers and Salesperson examination will be mailed to applicants once the fees have been received and the application has been reviewed and processed.

Examination Lengths

  • Salesperson examination — 2 hours, 100 questions
  • Broker examination — 2 hours, 100 questions

Passing Scores

You must correctly answer at least 70% of the questions to pass either examination.

Getting Examination Results

Once you have completed the examination,DBW will notify you by mail to inform you of your results. Please do not contact the Division to inquire whether you have passed or failed your examination.

Yacht and Ship Brokers Act