what are brokers
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Broker In general, a broker is an independent agent 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.rokers may represent either the seller (90% of the time) or the buyer (10%) but not both at the same time. An example would be a stockbroker, who makes the sale or purchase of securities on behalf of his client.
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What is a 'Broker' Loading the player... A broker is an individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor. 2. The role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
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Hours of service A freight broker is legally a property broker, which is the term established by the Federal Motor Carrier Safety Administration (FMCSA), a division of the United States Department of Transportation. freight broker is legally a property broker, which is the term established by the Federal Motor Carrier Safety Administration (FMCSA), a division of the United States Department of Transportation.
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- DEFINITION of 'Broker-Dealer'. A person or firm in the business of buying and selling securities, operating as both a broker and a dealer, depending on the transaction.The term broker-dealer is used in U.S. securities regulation parlance to describe stock brokerages, because most of them act as both agents and principals.A brokerage acts as a broker (or agent) when it executes orders on behalf of clients, whereas it acts as a dealer (or principal) when it trades for its own account. brokerage acts as a broker (or agent) when it executes orders on behalf of clients, whereas it acts as a dealer (or principal) when it trades for its own account.
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What is a 'Broker' DEFINITION of 'Broker'. 1. An individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor.2. The role of a firm when it acts as an agent for a customer and charges the customer a commission for its services. 3. A licensed real estate professional who typically represents the seller of a property.n individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor. 2. The role of a firm when it acts as an agent for a customer and charges the customer a commission for its services. 3.
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- An auto broker is simply the middle-man between dealers and retail customers. Auto brokers negotiate sales of used and new vehicles for people who don't want the hassle of driving to auto dealerships and haggling for low prices-auto brokers take care of all the negotiations!
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insurance broker An independent agent who represents the buyer, rather than the insurance company, and tries to find the buyer the best policy by comparison shopping. “ I talked to my insurance broker about it and he told me a few things that I needed to know.
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- a stock exchange or bourse is an exchange where stock brokers and traders can buy and or sell stocks also called shares bonds and other securities
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Stockbroker Stockbroker (Redirected from Stock broker) A stockbroker is a regulated professional individual, usually associated with a brokerage firm or broker-dealer, who buys and sells stocks and other securities for both retail and institutional clients through a stock exchange or over the counter in return for a fee or commission.
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broker Definition of broker: Person who serves as a trusted agent or intermediary in commercial negotiations or transactions. Brokers are usually licensed professionals in fields where specialized knowledge is required, such as ...
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What Is the Difference Between an Agent and a Broker? Quick Answer. The difference between an agent and a broker is that agents typically represent single firms while brokers typically represent many different firms. An agent places securities transactions for or sells insurance to consumers. A broker charges fees or commission in exchange for helping her clients buy or sell something.
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Difference Between Agent and Broker Agent vs Broker. Agent and broker are two professions that do business by being a middle-man between a company, such as an insurance company or a real estate developer, to the customer.
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About Broker-Dealers and Broker Dealer Agents Broker-dealer also includes a person engaged in the regular business of issuing or guaranteeing options with regard to securities not of his own issue. (This is not a complete definition. See Section 25004). broker is an individual or firm who acts as an intermediary between a buyer and seller, usually charging a commission. A dealer is any person in the business of buying and selling securities for his or her own account, through a broker or otherwise.
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broker Commissions A broker is ordinarily compensated for services by the payment of a commission, based upon a portion of the value of the property in a particular transaction. Generally, a commission is earned when negotiations between a buyer and seller are completed, and an agreement is reached.
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- DEFINITION of 'Business Broker'. A professional who specializes in the purchase and sale of companies. Business brokers help individuals and businesses who want to buy or sell a business. A business broker might specialize in selling companies in certain industries, such as restaurants, retail, manufacturing or hospitality.
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What is the difference between a TPA and a broker insurance companies? TPA is a Third Party Administrator and does work what otherwise Insurance company should have been doing. It is an outsourcing agency working for insurance companies. On the other hand, Brokers are agencies who are facilitating new or existing transaction between Insured and Insurer. They are agents.
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Broker 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.
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Managed Care Terms Glossary of Health Insurance Terms december 12, 2008. broker — A salesperson who has obtained a state license to sell and service con-. tracts of multiple health plans or insurers, and who is considered to be an agent of. the buyer, not of the health plan or insurer. [ c ]
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List of programming and computer science terms The minimum amount of money required to open an account. An online broker provides trading services over the Internet, as opposed to a traditional (or full service) brokerage firm. If you decide to open an account with a traditional brokerage firm, you will work one-on-one with a personal stock broker.
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Broker-dealer A broker-dealer (B/D) is a license granted by the Securities and Exchange Commission (SEC) that entitles the licensee to buy and sell securities for its clients' accounts.The firm may also act as principal, or dealer, trading securities for its own inventory.roker-dealer. A firm that functions both as a broker by bringing buyers and sellers together and as a dealer by taking positions of its own in selected securities. Many firms that are commonly called brokers or brokerage firms are actually broker-dealers.
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brokerage Noun. 1. brokerage-a stock broker's business; charges a fee to act as intermediary between buyer and seller. brokerage firm, securities firm. bucket shop-an unethical or overly aggressive brokerage firm.
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Definition of Terms in and Specific Exemptions for Banks, Savings Associations, and Savings Banks Under Sections 3 (a) (4) and 3 (a) (5) of the Securities Exchange Act of 1934 Exchange Act Section 3(a)(4) generally defines a broker to be any person engaged in the business of effecting transactions in securities for the account of others.. Prior to the passage of the GLBA, this definition was modified by the words but does not include a bank (emphasis added).
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broker Such a broker has no control or possession of the product that is sent directly to the buyer; he or she merely acts as a middleperson in all transactions. An insurance broker acts as an intermediary between the insurer and the insured and is distinguishable from an insurance agent.
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Broker-dealer Broker-dealers are at the heart of the securities and derivatives trading process. Although many broker-dealers are independent firms solely involved in broker-dealer services, many others are business units or subsidiaries of commercial banks, investment banks or investment companies. When executing trade orders on behalf of a customer, the institution is said to be acting as a broker. When executing trades for its own account, the institution is said to be acting as a dealer. Securities bought from clients or other firms in the capacity of dealer may be sold to clients or other firms acting again in the capacity of dealer, or they may become a part of the firm's holdings.
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InnovativeWorldwide.com Innovative Worldwide Logistics, Inc CFR: Title 49: Transportation - PART 371 - Brokers of Property. General Definition. A freight broker is an individual or company that serves as a liaison between another individual or company that needs shipping services and an authorized motor carrier. Though a freight broker plays an important role in the movement of cargo, the broker doesn't function as a shipper or a carrier. Instead, a freight broker works to determine the needs of a shipper and connects that shipper with a carrier willing to transport the items at an acceptable price. To operate as a freight broker, a business or individual must obtain a license from the Federal Motor Carrier Safety Administration (FMCSA).
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What Is the Role of a Stock Broker? Handling the Trade. A broker takes an order from a client to buy or sell a stock, passes it along through his brokerage firm's network to a floor trader -- in a market like the New York Stock Exchange -- or a dealer in that stock on the Nasdaq electronic market.