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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 brokersEdit

ReferencesEdit

  1. Bishop, Joel Prentiss. (1887). Commentaries on the law of contracts upon a new and condensed method, p. 456.
  2. Washburn, Israel A. (1919). "Brokers," Principles of the law of contracts, pp. 189-190.