IADA implements policy changes for members
The International Aircraft Dealers Association (IADA) has tightened accreditation standards for its members, following its 2023 annual board meeting.
The association has changed the standards for IADA accreditation. Previously, a dealership needed to have 50% of their brokers obtain and maintain IADA Certified Aircraft Broker status. Now, 80% of a dealership’s brokerage need to gain this status.
Each dealer will have until the end of 2024 to be in full compliance with the change.
The new standard was announced in an email to members from Zipporah Marmor, chair, IADA, alongside other changes including how annual accreditation fees are paid. Accreditation fees will now be paid on an annual basis.
IADA’s rules around ongoing education have also changed. New brokers that apply to take the Certified Broker Exam will now be required to sign up for IADA U, the association’s education programme which was launched at the end of 2020. The broker will be charged the annual IADA U fee on January 1st the year following certification.
Brokers will no longer have a 60-day grace period for meeting continuing education requirements, according to Marmor’s update. All IADA brokers must complete five Continuing Education Credits between January 1st and December 31st each year. If these requirements aren’t met by the last day of the year, certification will be suspended.
Signing off the email, Marmor said: “We continue to move from strength-to-strength, thanks to you, our members, and your active participation.”
In January, IADA’s members reported that 2022 was the strongest year for private jet sales in the history of the association, with 1,399 deals closed and $9.3bn in resale transactions.