definition of a term brokerage
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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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What is a 'Commission' DEFINITION of 'Commission'. A service charge assessed by a broker or investment advisor in return for providing investment advice and/or handling the purchase or sale of a security.Most major, full-service brokerages derive most of their profits from charging commissions on client transactions.n the other hand, full-service brokerages offer a more personalized service, but commissions are much higher. However, when commission is charged there is the potential for a conflict of interest to develop between brokerages and their clients.
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Fund accounting Fund accounting fiscal cycle (fictitious example) The following is a simplified example of the fiscal cycle for the general fund of the City of Tuscany, a fictitious city government. Opening entries. The fiscal cycle begins with the approval of a budget by the mayor and city council of the City of Tuscany.
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- DEFINITION of 'Broker'. 1. An individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor.
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Brokerage Contract Law and Legal Definition Brokerage Contract Law and Legal Definition. A brokerage contract is a written contract by which a broker is employed as an agent to make contracts in the name and on behalf of the principal. It will contain details of the terms of the business relationship between a broker and his/her principal.
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Broker Education 1 Designated Broker, the responsible person inside a brokerage for all the sales and broker licensees affiliated with that firm. 2  The ADRE mandates supervisory duties for this type. 3  Associate Broker, a salesperson with more education and experience licensed with a Designated Broker.
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Brokering Under the ITAR â Get Ready for New Rules This article is based on the test of the new revised regulations. The first thing the revised regulations do is to define a “broker” for ITAR purposes. The first part of the definition states that a broker is any person (individual, company or organization) engaging in brokering activities.
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Broker An agent or broker is a person or business who can help you apply for help paying for coverage and enroll in a Qualified Health Plan (QHP) through the Marketplace.They can make specific recommendations about which plan you should enroll in.n agent or broker is a person or business who can help you apply for help paying for coverage and enroll in a Qualified Health Plan (QHP) through the Marketplace. They can make specific recommendations about which plan you should enroll in.
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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 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.
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broker Definition. 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 finance, insurance, and real estate.efinition. 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 finance, insurance, and real estate.
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Broker Definition [edit]. 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. Brokers also can furnish market information regarding prices, products, and market conditions. Brokers may represent either the seller (90% of the time) or the buyer (10%) but not both at the same time.
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DEFINITION of 'Tailgating' DEFINITION of 'Tailgating'. Tailgating is when a broker, financial advisor or other sort of investing agent buys or sells a security for a client, and then proceeds to make the same transaction for himself. While tailgating is not an illegal practice, it is frowned upon and considered unethical by professionals in the field.
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- Definition. 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 finance, insurance, and real estate.
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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. Agents and brokers facilitate the transaction and information between the companies and the consumers.
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What is co broker in real estate? (July 2014) A real estate broker or real estate salesperson (often called a real estate agent) is a person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to match up sellers who wish to sell and buyers who wish to buy.
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- Definitions of brokerage account. 1. “you can't get a brokerage account unless you have $20,000”. an account with a securities brokerage whose transactions are settled on a cash basis. an account with a securities brokerage in which the broker extends credit.
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- A brokerage fee is the fee charged by a brokerage company to facilitate the transactions between buyers and sellers. There are two main types of brokerage fees: a flat fee, and a fee based on a percentage of the transaction.For example, a brokerage company may charge a flat fee of $7 for stocks priced at $1 or above. For stocks under $1, the brokerage company may charge a flat fee of $7 plus 0.5% of the transaction.There is usually an extra brokerage fee charged for options trading.For example, a brokerage company may charge a flat fee of $7 plus $1.25 per contract for option orders.Category: Definitions. Skip the spreadsheet.or stocks under $1, the brokerage company may charge a flat fee of $7 plus 0.5% of the transaction. There is usually an extra brokerage fee charged for options trading. For example, a brokerage company may charge a flat fee of $7 plus $1.25 per contract for option orders. Category: Definitions. Skip the spreadsheet.
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Legal definition of broker Insurance Litigation Legal Terminology Broker means a person lawfully engaged in the business of effecting transactions in securities or commodities for the person's own account or for the account of others. Each country and state has its own broker regulations. Broker usually acts as a liaison between a buyer and a seller, whether it is a house, an insurance policy or a business purchase. All states require a broker to be a licensed professional. To obtain a license a potential broker must pass a written test. A broker owes a fiduciary duty to the owner/or buyer to act according to the owner's/buyer's instructions, and in the best interest of the owner, notwithstanding the manner in which the broker is compensated.
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Real Estate Terminology There are many abbreviations used in real estate listings, as well as a lot of terminology that is used only in New York City. Following is a guideline of real estate terminology used to rent, purchase or sell a property, as well as some financial and architectural terminology as it pertains to real estate.uyer's Broker A buyer's broker is a broker who represents the buyer in effectuating a purchase. Normally in residential real estate transactions, the buyer's broker shares the commission received by the listing broker, who represents the 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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- A broker acts as a middleman in a financial transaction, between a buyer and seller of securities, such as stocks and bonds. A brokerage firm consists of a number of brokers, working together in the same company to service a larger pool of financial clients.
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Definition of margin trading Definition of margin trading. Also called buying on margin. A method of buying shares that involves borrowing a part of the sum needed from the broker executing the transaction. The collateral for the loan is normally securities in the investor's account.
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- Suppose there is delay of 17 months in payment of service tax dues of Rs.50,000 by the assessee. The amount of interest will be. Paid Before 1-10-2014. (payable on 1-04-2013 and paid on 1-09-2014).uppose there is delay of 17 months in payment of service tax dues of Rs.50,000 by the assessee. The amount of interest will be. Paid Before 1-10-2014. (payable on 1-04-2013 and paid on 1-09-2014).
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broker real estate broker - a person who is authorized to act as an agent for the sale of land; in England they call a real estate agent a land agent. estate agent, house agent, land agent, real estate agent. broker, factor, agent - a businessman who buys or sells for another in exchange for a commission.
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Commission Commission. Definition: A commission is a fee paid to a salesperson in exchange for services in facilitating or completing a sale transaction.The commission may be structured as a flat fee, or as a percentage of the revenue, gross margin, or profit generated by the sale.Commissions may also be charged by brokers to assist in the sale of securities, properties, and so forth. Copyright 2015, All Rights Reserved.ommission. Definition: A commission is a fee paid to a salesperson in exchange for services in facilitating or completing a sale transaction.
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broker A commercial or merchandise broker is an individual who works with buyers and sellers by negotiating between them in the buying and selling of goods, without having personal custody of the property. He or she offers services on a commission basis to manufacturers as a sales representative for their product.