Broker
person who arranges transactions between a buyer and a seller, and gets a commission when the deal is executed
A broker is a middleman who brings others together to bargain, or bargains for them.[1]
A broker is someone who helps arranges transactions between two parties.[2]
The broker is sometimes a mediator between a buyer and a seller. The broker sometimes gets a commission when the deal is completed.
A broker who also acts as a seller or as a buyer becomes a principal party to the deal.
A broker is different than an agent: one who acts on behalf of a principal.
Types of brokers change
- Aircraft broker
- Auto broker
- Broker-dealer
- Brokerage firm
- Business broker
- Commodity broker
- Customs broker
- Information broker
- Insurance broker
- Investment broker
- Joint venture broker
- Leasing broker
- List broker
- Marriage broker
- Mortgage broker
- Options broker
- Power broker (term)
- Prime broker
- Real estate broker
- Retail broker
- Ship broker
- Sponsorship broker
- Stockbroker
- Office broker
- Serviced office broker
References change
- ↑ Bishop, Joel Prentiss. (1887). Commentaries on the law of contracts upon a new and condensed method, p. 456.
- ↑ Washburn, Israel A. (1919). "Brokers," Principles of the law of contracts, pp. 189-190.