broker
Sign in to savethumb|250px|Brokers on the floor of the New York Stock Exchange, 1908 A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal.
AI overview
A broker is a person or company that arranges deals between buyers and sellers, typically earning a commission when the transaction is completed. Brokers matter because they facilitate exchanges in markets like stocks and real estate by connecting parties who want to trade with each other.
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Article
5 sectionsContents
- Definition
- Etymology
- References
- Further reading
- External links
thumb|250px|Brokers on the floor of the New York Stock Exchange, 1908 A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal.
==Definition== A broker is an independent party whose services are used extensively in some industries. A broker's prime responsibility is to bring sellers and buyers together and thus a broker is the third-person facilitator between a buyer and a seller. An example would be a real estate broker who facilitates the sale of a property.