define brokerage
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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.
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DEFINITION of 'Linkage' DEFINITION of 'Linkage'. Linkage occurs when an investor is able to purchase a security on one financial exchange and sell it on another.
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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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The Differences Between Insurance Brokers & Underwriters Brokers. A broker is a commercial representative who acts as an agent for other parties. Brokers represent insurance companies. A broker might sell insurance for only one company, or may represent several. In addition, a broker may sell several types of insurance, such as auto, health and life. Insurance brokers attempt to gather new clients while serving the needs of existing policyholders, such as helping policyholders with filing and settling claims.
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Buyer brokerage A buyer brokerage or buyer agency is the practice of real estate brokers and their agents representing a buyer in a real estate transaction rather than, by default, representing the seller either directly or as a sub-agent.In some cases where dual agency is permitted by law, even the listing broker may represent the buyer). If the buyer does not enter into this agreement, he/she remains a customer of the broker who is then the sub-agent of seller's broker.
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broker An insurance broker acts as an intermediary between the insurer and the insured and is distinguishable from an insurance agent. While an insurance agent is employed by, and represents, a particular insurance company, an insurance broker is a representative of the insured only.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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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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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.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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- Related Terms. 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 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.
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Glossary: Logistics and Supply Chain Management DEFINITION 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. Brokerage companies are compensated via commission after the transaction has been successfully completed.
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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.
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What is INTERMEDIARY? In modern civil law. A broker; one who is employed to negotiate a matter between two parties, and who for that reason is considered as the mandatary (agent) of both.Civ. Code La. 1900, art. 3010. broker; one who is employed to negotiate a matter between two parties, and who for that reason is considered as the mandatary (agent) of both. Civ. Code La. 1900, art. 3010.
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- brokerage firm, securities firm. 1  bucket shop - an unethical or overly aggressive brokerage firm. 2  marriage brokerage, marriage mart - a business that arranges marriage contracts. 3  nondepository financial institution - a financial institution that funds their investment activities from the sale of securities or insurance.
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- DEFINITION of 'Brokerage Fee'. A fee charged by an agent, or agent's company to facilitate transactions between buyers and sellers. The brokerage fee is charged for services such as negotiations, sales, purchases, delivery or advice on the transaction.Next Up.REAKING DOWN 'Brokerage Fee'. There are many types of brokerage fees added in areas such as insurance, realty, delivery services or stocks. Brokerage fees will usually be based on a either a percentage of the transaction or a flat fee.
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About Broker-Dealers and Broker Dealer Agents Broker-dealer (“BD”) is defined in Corporations Code (“Code”) Section 25004 and means any person engaged in the business of effecting transactions in securities in this state for the account of others or for his own account. 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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- Typically, representing only one company. (Such as a Purchasing Agent’s authority to purchase goods or services on behalf of his or her company.) Broker: “An independent contractor or legal entity who acts as an intermediary between a buyer and a seller.
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What is co broker in real estate? Real estate broker. 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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The Brokerage Model of Case Management The Brokerage Model of Case Management. Definition. Brokerage Model of Case Management. The brokerage model is a very brief approach to case management in which case workers attempt to help clients identify their needs and broker ancillary or supportive services, all in one or two contacts (SAMHSA 1998; Stahler et al. 1995).
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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.here 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.
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trade the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries: domestic trade; foreign trade. 2. the act of buying, selling, or exchanging stocks, bonds, or currency: Stock brokerages typically charge a commission per trade. 3. a purchase or sale; business deal or transaction.
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What Is a Brokerage Account? A brokerage account is a type of taxable account that you open with a stock brokerage firm. You deposit cash into this account either by writing a check or linking it to a checking or savings account at your bank. Once this cash is deposited, you can use the money to acquire many different types of investments.
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Series 66 Chapter 1 A Broker Dealer is defined as. Any person (in this case a brokerage firm) engaged int eh business of effecting transactions for the accounts of others or for the firm's own account. How does a Broker do business. buying and selling securities for the accounts of others. How does a Dealer do business.
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broker/dealer Definition. Any individual or firm in the business of buying and selling securities for itself and others. Broker/dealers must register with the SEC. When acting as a broker, a broker/dealer executes orders on behalf of his/her client.When acting as a dealer, a broker/dealer executes trades for his/her firm's own account.Securities bought for the firm's own account may be sold to clients or other firms, or become a part of the firm's holdings.hen acting as a dealer, a broker/dealer executes trades for his/her firm's own account. Securities bought for the firm's own account may be sold to clients or other firms, or become a part of the firm's holdings.
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- One choice is “transaction-brokerage” where the broker assists one or more parties throughout the transaction without being an advocate for any party. The second relationship is “agency” where the broker is a single agent representing only one party in the transaction.
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brokerage account brokerage account. Definition. A customer's account at a brokerage. There are three kinds of brokerage accounts. The most basic kind is a cash-management account, into which investors place money in order to make trades.