Agent and broker definition


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. Retrieved from " https: A broker who also acts as a seller or as a buyer becomes a agent and broker definition party to the deal.

For other uses, see Broker disambiguation. For the not-for-profit organization "the Brokerage", see Agent and broker definition Brokerage Citylink. Some titles, such as real estate brokers, often have strict state requirements for using the term, while others, such as aircraft brokers, typically have no formal licensing or training requirements. This page was last edited on 30 Marchat From Wikipedia, the free encyclopedia.

From Wikipedia, the free encyclopedia. An example would be a stockbrokerwho makes the sale or purchase of securities on behalf of his client. From Wikipedia, the free encyclopedia.

Management of a Sales Force. Brokers have the tools and resources to reach the largest possible base of buyers. There are advantages to using a broker. Views Read Edit View history.

Neither role should be confused with that of an agent —one who acts on behalf of a principal party in agent and broker definition deal. Agent and broker definition individual producer, on the other hand, especially one new in the market, probably will not have the same access to customers as a broker. First, they know their market and have already established relations with prospective accounts. This page was last edited on 30 Marchat 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 brochieror "to broach a keg ".

First, they know their market and have already established relations with prospective accounts. Brokers play a huge role in the sale of stocks, bonds, and other financial services. For other uses, see Broker disambiguation. Stanton, and Gregory A.

By using this site, you agree to the Terms of Use and Privacy Policy. Brokers may represent either the seller agent and broker definition the buyer but not both at the same time. For the not-for-profit organization "the Brokerage", see The Brokerage Citylink. There are advantages to using a broker. They then screen these potential buyers for revenue that would support the potential acquisition.

Management of a Sales Force. An example would be a real estate broker who facilitates the sale of a property. They then screen these potential buyers for revenue that agent and broker definition support the potential acquisition. An individual producer, on the other hand, especially one new in the market, probably will not have agent and broker definition same access to customers as a broker. Brokers have the tools and resources to reach the largest possible base of buyers.