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The business of IFQs.

Publication: National Fisherman
Publication Date: 01-OCT-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: The business of IFQs.(VIEWS from Alaska)

Article Excerpt
I would like to share what I learned in both choosing an IFQ broker and purchasing IFQs. First, fill out a Transfer Eligibility Certificate with NMFS. You cannot buy quota without the NMFS identification number assigned to you after you send in this form.

An IFQ broker is comparable to a...

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...real estate agent. They are paid by the seller through a commission derived from sale of property, or in this case, IFQs. The IFQ broker advertises the quota and handles the necessary paperwork involved in the sale. You could purchase IFQs directly from the owner, but you would need to be well versed in the paperwork and likely would need to hire a lawyer...

NOTE: All illustrations and photos have been removed from this article.



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