FL S0820

Redefines "yacht" to include any vessel exceeding 32 feet in length that is manufactured or operated primarily for pleasure, or is leased, rented, or chartered for pleasure, removing the previous 300 gross ton weight limitation.

Exempts out-of-state brokers and salespersons from licensure if their primary profession is brokering in another state and the yacht transaction is executed entirely with a state-licensed Florida broker or salesperson.

Changes licensing denial from discretionary ("may deny") to mandatory ("shall deny") for applicants who fail to meet specified requirements including good moral character, felony conviction history, bonding, and residency/business operation in Florida.

Increases broker licensure requirements from 2 consecutive years as a salesperson to requiring either direct involvement in at least 4 yacht sale transactions or completion of 20 continuing education credits approved by the division.

Requires the division to adopt a complaint form for alleged violations, commence investigations within 15 days of receiving complaints, and suspend, revoke, or discipline licenses if violations are determined; removes the temporary 90-day license provision.