procuring broker definition
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- PROCURING CAUSE FACTORS. Whether a broker is the procuring cause of a sale must be factually determined on a case-by-case basis. Many factors can impact a determination of procuring cause, but no one factor is by itself determinative.
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What is a 'Broker' What is a 'Broker'. 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. 3. A licensed real estate professional who typically represents the seller of a property.
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CHAPTER 61. CRIMES AND THEIR PUNISHMENT. to obtain or get by care, effort, or the use of special means: to procure evidence. 2. to bring about, especially by unscrupulous and indirect means: to procure secret documents. 3. to obtain (a person) for the purpose of prostitution. verb (used without object), procured, procuring.
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Definition Returning a portion of the premium or the agent's/broker's commission on the premium to the insured or other inducements to place business with a specific insurer. Rebating is illegal in the majority of states. Insurers must use filed rate credits or have supporting methodology.
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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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- 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.EFINITION 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.
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- A: a licensed broker acts as a liaison person between the buying investor and the selling investor. The licensed broker acts as an agent for investors in all market dealings. Buying and selling securities on QE can not be performed amongst investors themselves but only through licensed brokerage companies.
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- What is a 'Broker'. 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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Custodian A brokerage or other financial institution that holds and manages a client's securities or other assets on his/her behalf. This reduces the risk of the client losing his/her assets or having them stolen. They are also available to the brokerage to sell at the client's demand.
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- What is a 'Broker-Dealer'. A broker-dealer is 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.
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broker A distinguishing feature between an agent and a broker is that a broker acts as a middleperson. When a broker arranges a sale, he or she is an agent of both parties. In order to determine whether or not an individual is acting as a broker in a transaction, the type of services that are performed must be examined.ommissions 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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Procuring (prostitution) For other uses, see Pimp (disambiguation). Procuring or pandering is the facilitation or provision of a prostitute or sex worker in the arrangement of a sex act with a customer. A procurer, colloquially called a pimp (if male) or a madam (if female), is an agent for prostitutes who collects part of their earnings.
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California Financing Law A broker is defined in the law as any person engaged in the business of negotiating or performing any act as broker in connection with loans made by a finance lender.. Brokers licensed under this law may only broker loans to lenders that hold a California Finance Lenders license.
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Broker-dealer Broker-Dealer. A person or, more often, a firm that acts as a broker for some transactions and a dealer for others. That is, as a broker, he/she conducts transactions on behalf of clients, and, as a dealer, he/she trades on his/her own account. In practice, most brokerages are in fact broker-dealer firms.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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- An introducing broker is not registered with the Commodity Futures Trading Commission (CFTC) , does not maintain floor operations, is not required to maintain minimum financial standards, and does not accept margin deposits used to secure clients' futures and options transactions.
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- A broker of record agreement is the contract showing that a specific real estate agent has been selected to represent a buyer or seller. Brokers can help explain insurance policy details to clients. Policyholders can benefit from consulting a broker if they are unsure about which company or policy specifics to choose.
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real estate broker real estate broker. Definition. A person licensed to arrange the buying and selling of real estate for a fee. A real estate broker acts as an intermediary between the parties selling and buying the real estate. Real estate brokers can also be called real estate salespersons, and the people who assist them (who are generally not required to be licensed) are generally called real estate agents.
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- Adorable animal families that will make you aww. 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.eing a freight broker is a professional career that requires a great deal of industry knowledge, sales ability and financial management. The time that it takes to actually find the freight to move takes a great deal of time, planning and sales ability.
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What is a 'Mortgage Broker' A mortgage broker is an intermediary working with a borrower and a lender while qualifying the borrower for a mortgage. The broker gathers income, asset and employment documentation, a credit report and other information for assessing the borrower’s ability to secure financing.
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Harbour Health Insurance Solutions An agent or broker is a person or business who can help you apply for coverage and enroll in a qualified health plan on or off the exchange. They can make specific recommendations about which plan you should enroll in. Who can be a… Navigator?
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- Commission Broker. For example, when a trade order for a stock is carried out, an individual often pays a transaction fee for the brokerage company's efforts to execute the trade.EFINITION of 'Brokerage Company'. A business whose main responsibility is to be an intermediary that puts buyers and sellers together in order to facilitate a transaction.
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Glossary: Logistics and Supply Chain Management Raintaker. For example, when a trade order for a stock is carried out, an individual often pays a transaction fee for the brokerage company's efforts to execute the trade.EFINITION of 'Brokerage Company'. A business whose main responsibility is to be an intermediary that puts buyers and sellers together in order to facilitate a transaction.
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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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Business broker Usually the payment of a commission to the brokerage is contingent upon finding a buyer for the real estate, the successful negotiation of a purchase contract between the buyer and seller, or the settlement of the transaction and the exchange of money between buyer and seller.
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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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Definition of 'brokerage' brokerage in lnsurance (broʊkərɪdʒ) Brokerage is the money paid to an insurance broker. Brokerage fees paid to brokers are part of the expenses directly related to acquiring insurance or reinsurance accounts. Brokerage costs are the premium commissions paid to insurance intermediaries for providing business. Brokerage is the money paid to an insurance broker.