What does it mean to broker an agreement?
verb. If a person, government, or country brokers an agreement, a ceasefire, or a round of talks, they try to negotiate or arrange it.
What does it mean to broker someone?
broker Add to list Share. A broker is someone who buys or sells for someone else for a commission. Used as a verb, broker means to arrange a deal or negotiate. Working for an advisory firm, a broker may convince you to invest in a company — so the broker would broker a business deal.
What is a broker in legal terms?
A person or entity that arranges contracts and acts as an intermediary between a buyer and seller for a commission. A broker is an independent party to a transaction and should not be confused with an agent who acts on behalf of a principal party in a deal.
What is an example of broker?
The definition of a broker is a person who buys and sells things on behalf of others. A person who you hire to buy stock for you on the stock exchange is an example of a broker.
Who is considered a broker?
A broker is an individual or firm that acts as an intermediary between an investor and a securities exchange. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
What is an illegal broker?
In some states it is illegal for any person other than a licensed broker to be paid for services concerning real estate transactions. Within the meaning of such laws, any individual who regularly works as a middleperson or negotiates business transactions for the benefit of others is ordinarily considered a broker.
What is the distinguishing function of broker?
A broker is a mediator between the buyer and the seller and who receives a payment in the form of a commission. The main function of a broker is to solve a client’s problem for a fee.
What is the main purpose of a broker?
The main function of a broker is to solve a client’s problem for a fee. The secondary functions include lending to clients for margin transactions, provide information support about the situation on trading platforms, etc. The three types of brokerage are online, discount, and full-service brokerages.
Why are brokers called brokers?
Etymology. The word “broker” derives from Old French broceur “small trader”, of uncertain origin, but possibly from Old French brocheor meaning “wine retailer”, which comes from the verb brochier, or “to broach (a keg)”.
What is the dictionary definition of a broker?
Define broker. broker synonyms, broker pronunciation, broker translation, English dictionary definition of broker. n. 1. One that acts as an agent for others, as in negotiating contracts, purchases, or sales in return for a fee or commission. 2. A stockbroker. 3. Broker – definition of broker by The Free Dictionary
What is a broker-dealer?
Brokers register with the Financial Industry Regulatory Authority (FINRA), the broker-dealers’ self-regulatory body. In serving their clients, brokers are held to a standard of conduct based on the “suitability rule,” which requires there be reasonable grounds for recommending a specific product or investment.
What is another word for stockbroker?
1. (Stock Exchange) an agent who, acting on behalf of a principal, buys or sells goods, securities, etc, in return for a commission: insurance broker. 2. (Stock Exchange) (formerly) short for stockbroker
What is a brokerage document?
The seller, broker, or buyer can prepare a brokerage document. The document contains several options to customize the agreement according to the requirements of the contracting parties. You can specify the amount of brokerage for each successful deal.